Optical Cable Corporation (OCCF) Reports 270% Increase in Net Income for the Second Quarter
Optical Cable Corporation (OCCF), a manufacturer of fiber optic cables for military and civilian clients worldwide, reported second quarter results today after the close. Revenues increased 21.2% year-over-year to $13.5 million. Net income rose to $878,000, or 15 cents per share, vs. $237,000 for the same period last year, an increase of 270%. "We are pleased with Optical Cable Corporation's financial performance during fiscal 2008 to date,” stated Neil Wilkin, president and CEO of Optical Cable. “Our strategies and investments are positively impacting the Company's results as evidenced by year-over-year increases in net sales, gross profits and net income. We…