Rochester, NY 8/20/2009 8:38:52 AM
Alpha Pro Tech Ltd., APT - Alpha Pro Tech, Ltd. Release Second Quarter Financial Results for Fiscal Year 2009
Alpha Pro Tech Ltd.
Alpha Pro Tech, Ltd. Second quarter revenue increased 63.2% to a record $14.5 million from $8.9 million in the 2008 second quarter, led by a 184.5% increase in Infection Control sales and a 95.3% increase in Building Supply sales.
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Net income increased 463.4% for the three months ended June 30, 2009 to a record $2.2 million, compared to net income of $385,000 for the three months ended June 30, 2008. Inventory decreased by $2.7 million, or 22.4%, to $9.4 million as of June 30, 2009 from December 31, 2008, primarily due to a decrease in inventory in the Building Supply segment.
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