The company’s chief financial officer, Venerando Indelicato, said: “We are pleased to report record revenues and increased profits for the first half of fiscal 2009. Profit mix and order size caused our gross profit margins to decrease slightly, however, sales volume more than compensated for the difference.”
Indelicato added that, as a result of the current state of the economy, many projects are finding it difficult to obtain financing but, to date, the company has been successful in securing its share of potential orders.
