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Argan, Inc. Reports Second Quarter Revenues of $65.5 Million; Net Income Increases to $2.7 Million.

Publication: Energy Weekly News
Publication Date: 25-SEP-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Argan, Inc. Reports Second Quarter Revenues of $65.5 Million; Net Income Increases to $2.7 Million.(Financial report)

Article Excerpt
Argan, Inc. (NYSE AMEX:AGX) announced financial results for the six months and second quarter ended July 31, 2009.

For the six months ended July 31, 2009, total revenues were $128.6 million compared to $123.5 million in the six months ended July 31, 2008. Gemma (Gemma Power Systems) contributed $117.8 million or 91.6% of total revenues in the first six months of fiscal 2010 compared to $114.6 million or 92.8% of total revenues in the first six months of fiscal 2009. Combined revenues from Argan's other wholly-owned subsidiaries increased to $10.7 million, or 8.4% of total revenues for the six months ended July 31, 2009 compared to $8.9 million, or 7.2% of total revenues during the same period last year.

The Company reported consolidated...

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