Synthetech Inc. (NZYM.OB) Posts 22% Increase in Q2 2010 Revenue; Insight into Upcoming Endeavors
Fine chemicals company Synthetech Inc. today announced its second quarter of fiscal 2010 results, which ended September 30, 2009, posting improvements across the board, fueled by pipeline projects, operational efficiencies and other growth initiatives. Revenue for the quarter was $4.0 million, up 22 percent from revenue of $3.3 million in the second quarter of fiscal 2009. Operating income for the current quarter was $668,000, compared to an operating loss of $333,000 for the same period last year. Net income for the current quarter was $639,000, or $0.04 per share, compared to last year's second quarter net loss of $367,000, or…