Perma-Fix reports record profits
Atlanta, GA— Perma-Fix Environmental
Services, Inc. announced financial results for the first quarter
ended March 31, 2006. Revenues for the first quarter of 2006
were $21.1 million versus $21.4 million for the first quarter
of 2005, a decrease of 1.5%.
Income from continuing operations for the
quarter rose to $1.1 million, from $109,000 in the same period
a year ago. Net income applicable to common stock for the quarter
grew to a record $678,000, or $0.02 per share, from a net loss
applicable to common stock of $168,000 or $0.00 per share, for
the same period a year ago. The 2006 net income applicable to
common stock included a loss from discontinued operations of
$450,000 from expenses incurred at the Company’s discontinued
operations in Detroit and Pittsburgh.
Revenues for the nuclear segment rose 11.6%
to $12.2 million, reflecting growing sales and new contracts
in the mixed waste market. Revenue for the industrial segment
was $8.2 million versus $9.8 million in the same quarter of
the previous year.