Business Services Industry
Times Union, Albany, N.Y., Business Briefs Column.
Knight Ridder/Tribune Business News, August, 2003
Times Union, Albany, N.Y. Knight Ridder/Tribune Business News
Aug. 25--ESPEY MANUFACTURING REPORTS STRONG SALES FOR FISCAL YEAR: Espey Manufacturing & Electronics Corp. logged record sales during its 2003 fiscal year, the company announced Friday.
Revenue at the company was up 7.4 percent to $19.8 million during the fiscal year that ended June 30. Earnings reached $964,700, or 94 cents a share, nearly twice the $545,754, or 53 cents a share, it made in the 2002 period.
Several million dollars in research and development investments made during the 2002 fiscal year have started paying off, company spokesman Barry Potoker said. The company turned more than half of its full-year profit during the fourth ...uarter, when it earned $499,903,...
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