Kenner Metal's operating income was up 15 per cent from the same period in 2013
Update time：2016-11-28 16:10:36Number of clicks:1647timesThe shop name:T|T
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Kenner Metals recently announced results for the fourth quarter (April 1, 2014 to June 30, 2014) and the full fiscal year (July 1, 2013 to June 30, 2014) of fiscal 2014.
Kenner Metals recorded sales of $772 million in the fourth quarter of fiscal 2014 (April 1 to June 30, 2014), up 15% from $671 million in the fourth quarter of fiscal 2014; Gross profit of $253 million, up 10.5% from $229 million in the fourth quarter of last fiscal year; Operating income of $78 million, down 13.8% from $91 million in the fourth quarter of the prior fiscal year; Net income was $47 million, down 23% from $62 million in the fourth quarter of last fiscal year.
For the full year of fiscal 2014 (July 1, 2013 to June 30, 2014), Kenner Metal generated sales of $2.837 billion, up 9.6% from $2.589 billion in fiscal 2013; Gross profit of $897 million, up 6% from $845 million in fiscal 2013; Operating revenue of $263 million, down 11.1% from $296 million in fiscal 2013; Net revenue was $162 million, down 21.6% from $207 million in fiscal 2013.
In the first half of calendar year 2014 (January 1, 2014 to June 30, 2014), Kenner Metal's sales revenue was $1,527 million, an increase of 15% compared to $1,326 million in the same period in 2013; Operating revenue was $153 million, down 8.9% from $168 million for the same period in 2013.
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