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Air T, Inc.
Air T, Inc. Reports Fiscal 2009 Results
June 19th, 2009
Air T, Inc. (Nasdaq Capital Market: AIRT) announces record consolidated net earnings of $4,379,000 ($1.81 per diluted share) for fiscal 2009, which ended March 31, 2009, compared to net earnings of $3,402,000 ($1.40 per diluted share) for fiscal 2008. Consolidated revenue for fiscal 2009 was $90,668,000 compared to $78,399,000 for fiscal 2008. This 16% increase resulted from a $3,654,000 (10%) increase in ground equipment sales revenue, a $3,729,000 (9%) increase in air cargo revenue, and a $4,886,000 increase in ground support services revenue. The increase in ground equipment sales revenue related to increases in the number of military and international deicer units...
Source: Health Business Week (2009-06-19)
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