ADF Group Q2 Profit Declines - Quick Facts

ADF Group Inc. (DRX.TO) reported second-quarter net earnings of C$1.8 million or C$0.05 per share, compared to C$4.1 million or C$0.11 per share in the year-ago quarter.

Quarterly revenue was C$18.7 million, down from C$24.0 million in the same period of 2008.

Jean Paschini, Chairman of the Board and Chief Executive Officer, said, "With an increased order backlog and additional contracts for which we supply the raw material and connection engineering services, along with fabrication hours, we are confident we will achieve a satisfactory performance in the second half of the fiscal year."

by RTTNews Staff Writer

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