12:27 PM EST - Grand Power Logistics Group Inc. : reported a loss for the second quarter despite a 51% rise in revenue, as margins declined during the period due to higher fees and charges as well as increased fuel costs. Second quarter net loss was $1.07 million or $0.03 per share compared to net income of $240 thousand or $0.01 per share in the year-ago period. Revenue for the period was $35.7 million, up 51% from $23.6 million reported a year ago. Grand Power Logistics Group Inc.
shares V.GPW are trading unchanged at $0.36.
