Northern Technologies International Corp. (NTIC), Wednesday, reported a lower profit for the second quarter on higher raw material costs.
The Circle Pines, Minnesota-based company reported a second-quarter net profit attributable to NTIC of $606 thousands or $0.14 per share, compared to $949 thousands or $0.22 per share last year.
Total revenues for the quarter rose 4.1 percent to $4.97 million from $4.78 million in the prior-year quarter, primarily due to increased demand and sales of Natur-Tec products.
Looking ahead to full-year 2012, the company expects net profit attributable to NTIC to range between $4.7 million and $5.0 million or $1.08 and $1.14 per share. Revenues for the year are anticipated in the range of $23.0 million to $24.5 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.