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Air T, Inc.
Air T, Inc. Reports Fiscal 2008 Results
June 27th, 2008
Air T, Inc. (Nasdaq Capital Market: AIRT) announces record consolidated net earnings of $3,402,000 ($1.40 per diluted share) for fiscal 2008, which ended March 31, 2008, compared to net earnings of $2,486,000 ($0.94 per diluted share) for fiscal 2007. Consolidated revenue for fiscal 2008 was $78,399,000 compared to $67,303,000 for fiscal 2007. Consolidated revenue increased $11,096,000 to $78,399,000 in fiscal 2008. This 17% increase resulted from a $7,911,000 (25%) increase in ground equipment revenue and a $3,185,000 (9%) increase in air cargo revenue. The increase in ground equipment revenue related to a significant increase in the number of commercial deicer units...
Source: Health Business Week (2008-06-27)
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