Rochester,NY 8/31/2009 11:16:18 PM
EnGlobe Corp. EG, announces its second quarter highlights and financial results
EnGlobe Corp.
EnGlobe Corp. announced financial results for the second quarter ended June 30, 2009.
Second Quarter Highlights
> $32.2 million in revenues;
> Adjusted EBITDA increased by $6.8 million to reach $3.1 million;
> Gross profit increased by 99.3% to reach $8.6 million;
> Successful startup of second French soil treatment facility in Lyon on
> schedule and fully operational in May 2009.
In the second quarter, EnGlobe generated revenues of $32.2 million compared to $38.2 million for the same period last year, a decrease of $6.0 million.
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