Servotronics Inc., SVT - Servotronics Profits Jumped and Gained a Double-Digit Rise

Servotronics Inc., SVT

Rochester, NY 8/18/2009 01:15 AM GMT (TransWorldNews)

Servotronics Inc., which markets advanced technology products gained a market high reaching a 20.7 percent in its financial results for the second quarter as company’s revenue rose by nearly 18 percent.

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The company also announces that the net period was $710, 000, or 37 cents. Sales in the Elma-based manufacturer’s consumer products group offset a decline in it advanced technology group, which triggers to drive up revenues to $9.1 million.

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