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Air T, Inc.
Air T, Inc. Reports Unaudited First Quarter Earnings
August 29th, 2008
Air T, Inc. (Air T) (NASDAQ:AIRT) reported consolidated net earnings of $1,340,000 ($0.55 per diluted share) for fiscal 2009's first quarter ended June 30, 2008 compared to consolidated net earnings of $626,000 ($0.25 per diluted share) for the similar fiscal 2008 period. Consolidated revenues increased $6,621,000 (42%) to $22,417,000 for the quarter ended June 30, 2008 compared to the same quarter in the prior fiscal year. This increase resulted from a $5,678,000 (78%) increase in ground equipment revenue and a $943,000 (11%) increase in air cargo revenue. The increase in ground equipment revenue related to a significant increase in the number of deicer units sold to...
Source: Health Business Week (2008-08-29)
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