UNR Holdings (UNRH.OB) Posts Solid Q2 Results
UNR Holdings Inc., a housing and commercial construction company and provider of infrastructure construction services for government oil and gas projects in Russia, today posted its financial results for the second fiscal quarter ended June 30, 2010. Net revenues for the second quarter increased 318.5 percent to $19.9 million, as compared to revenues of $4.8 million for the second quarter of 2009. The company attributes the positive numbers primarily to a gradual increase in demand for the apartments UNR constructs, as well as to improved demand for its proprietary road base and slopes stabilization material Prudon, which UNR supplies to…