CTI Industries Corp. (CTIB) Posts FY 80% Earnings Increase, Record Sales
CTI Industries Corp., a manufacturer and marketer of novelty balloons, printed and laminated films and flexible packaging and storage products, today announced its full-year and fourth-quarter results of operations for the twelve and three-month periods ended December 31, 2010. 2010 was a milestone for the company, as it achieved record sales. For the year ended December 31, 2010, consolidated net sales totaled $47.74 million, a 15-percent increase as compared to consolidated net sales of $41.29 million for the year ended December 31, 2009. Full-year net income of $1.82 million, $0.61 per share (basic) and $0.60 per share (diluted), represents an…