03:49 PM EST - PFB Corp. : reported a sharp decline in profit for the second quarter from last year, hurt mainly by downturn in housing construction market. Further, the Board declared a quarterly dividend. Consolidated net income for the second quarter plunged to $271,000 or $0.04 per basic share from $1.98 million or $0.30 per basic share last year. Funds provided by operations during the period dropped to $1.62 million or $0.25 per share from $3.44 million or $0.52 per share in the comparable quarter a year ago. Sales for the quarter decreased 11.8% to $17.34 million from $19.65 million last year. PFB Corp.
shares T.PFB are trading up $0.01 at $5.65.
