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KTI is engaged in the development of an integrated waste handling business, providing waste recycling, processing and disposal capabilities, and waste-to-energy facility operations. For the nine months ended 9/98, revenues increased 94% to $128.1 million. Net income applicable to Common before extraordinary item totalled $10 million, up from $3.7 million. Results reflect higher sales of recyclables due to the acquisition, and the absence of a $4 million pre-acquisition charge.
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