McMINNVILLE, Oreg. (Dec. 28)—RB Rubber Products Inc. announced a rise in earnings in the second quarter and six-month period ended Oct. 31. RB said sales in the quarter increased 10.7 percent to $2,787,000, with net income of $149,000 or 5 cents per diluted share, versus sales of $2,518,000, and net income of $117,000 or 4 cents per share, for the corresponding quarter of 1999. For the six-month period, sales were $5,269,000, with net income of $287,000 or 10 cents per diluted share, contrasted with sales of $5,318,000, and net income of $224,000 or 8 cents per share for the comparable six months of 1999. RB President Ronald L. Bogh cited higher sales in the company´s Matting and Molded Products Divisions as contributing to increased earnings. Equipment upgrade costs at the firm´s Recycling Division in Portland, Oreg., affected profitability in the second quarter, but higher output efficiency at the site is expected at the completion of the project, Bogh said.
RB Rubber Products reports quarterly, 6-month earnings rise
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