Servotronics Inc. (SVT), a consumer products manufacturer, reported full-year 2011 net income of $2.6 million or $1.24 per share, up from $2.1 million or $1.01 per share the previous year.
The company attributed the increase mainly to higher sales at its Advanced Technology Group along with cost containment activities and a decrease in the effective tax rate associated with the applicability of appropriate tax credits.
Revenues for the full year 2011 increased to $34.2 million from the year-ago revenue of $31.7 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.