12:09 PM EST - ADF Group Inc. : closed the second quarter of the 2011 fiscal year with revenues of $13 million compared with $18.7 million in the corresponding quarter of 2009. For the first six months, revenues totalled $26.6 million, compared with $35.5 million for the first half of the previous year. The second-quarter gross margin stood at $3.9 million or 30% of revenues, compared with $4.6 million or 24% of revenues for the second quarter ended July 31, 2009. For the first six months, it stood at $8.4 million or 32% of revenues, compared with $10 million or 28% of revenues for the first half of the previous year. For the second quarter of the fiscal year, the EBITDA (earnings before interest, taxes, depreciation and amortization) margin remained high at 19% of revenues, similar to the corresponding quarter of the previous year. It stood at 21% for the first half ended July 31, 2010, compared with 22% for the corresponding period of the previous year. ADF Group Inc.
shares T.DRX are trading down $0.14 at $1.91.
