Less profit for Target Logistics of Baltimore
Daily Record, The (Baltimore), May 3, 2007
Target Logistics Inc., of Baltimore, a freight forwarding and logistics services company, reported net income in its fiscal third quarter ended March 31 of $340,150, or 2 cents per diluted share, compared to $609,642, or 3 cents per diluted share, in the year-ago period. Third-quarter revenue totaled $43.7 million versus $37.1 million in the comparable 2006 fiscal period.
Related Results
A company official said net income "was disappointing," and attributed the decline to continued losses in its New York operation and less-than- anticipated improvement in Target's gross profit margin.
Copyright 2007 Dolan Media Newswires
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