ACMAT Corp. (ACMT: OTC Link) | Second Quarter Earnings

Second Quarter Earnings – June 30, 2011

Aug 19, 2011

OTC Disclosure News Service

New Britain, CT –

PRESS RELEASE                                                                                                                    August 19, 2011

                                                                             For confirmation call:

 

ACMAT Corporation                                               Henry W. Nozko, Jr., President

233 Main Street

                                                       (860) 229-9000

New Britain, CT  06050

 

 

ACMAT REPORTS SECOND QUARTER EARNINGS

 

 

 

ACMAT Corporation reported net earnings of $295,431 or basic earnings per share of $.22 for the three months ended June 30, 2011 compared with $486,545 or basic earnings per share of $.36 for the three months ended June 30, 2010.  Net earnings for the six months ended June 30, 2011 were $587,232 or basic earnings per share of $.43 compared to $988,624 or basic earnings per share of $.72 for the six months ended June 30, 2010.

 

For the three months ended June 30, 2011, the Company recorded revenues of $1,564,306 compared to $2,270,066 for the three months ended June 30, 2010.  For the six months ended June 30, 2011, revenues were $3,246,633 compared to $4,571,092 for the six months ended June 30, 2010.

 

ACMAT’s insurance subsidiary, ACSTAR Insurance Company, is licensed nationwide and provides surety bonds for prime contractors, specialty trade, environmental remediation and asbestos abatement contractors.  ACSTAR also provides miscellaneous surety and some general liability insurance.

 

 

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/ACMT/news?id=34527

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