SkyPostal Networks, Inc. (SKPN.OB) Reports Financial Results for the Second Quarter
Just before the closing bell, SkyPostal Networks, Inc. announced its financial results for the second quarter of 2008. Sales for the 6 months ended June 30, 2008 totaled $4,532,113, which is a 16.5% increase over the same 6-month period ended the previous year. The company also reported that total tonnage handled increased 20% for the 6 months ended June 30, 2008 compared to the same period ended June 30, 2007. Gross margins were 17.2% in the first half of this year, compared to 23.9% in 2007. “As with all international mail operators, the high fuel surcharges imposed by the airlines…