Rochester, NY 8/18/2009 10:47:22 PM
Servotronics Inc., SVT - Servotronics Has a Double-Digit Rise on Profit
Servotronics Inc.
Servotronics Inc. which focus on developing advance technology products have reached 20.7 percent on profit based on its second quarter financial results as company’s revenue upped by nearly 18 percent.
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It further announces that the net period was $710, 000, or 37 cents. Sales in the Elma-based manufacturer’s consumer products group offset a decline in it advanced technology group, this drives up company’s revenue to $9.1 million.
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