04:00 PM EST - Lakeside Steel Inc. : Lakeside Steel Inc. said that it expects fiscal 2009 revenue to be about $207 million, which would be an increase of about $45.51 million, compared to revenue of $161.49 million for fiscal 2008. The company estimates EBITDA to be $10.50 million. The company had projected an EBITDA target of $7 million for the year ended March 31, 2009, and an increase in sales revenues to approximately $205 million for fiscal 2009, compared to sales revenues of $161.49 million for fiscal 2008. Net income after tax is anticipated to be about $6.50 million for the year, an improvement of approximately $11.89 million from a net loss after tax of $5.39 million for fiscal 2008.
shares V.LS are trading down $0.005 at $0.14.
