Steel Technologies' quarterly income off 46.2%

Jul 20, 2005 | 07:10 AM |

Reduced demand and softer prices contributed to a 46.2-percent decline in fiscal third-quarter net income at Steel Technologies Inc. despite a 10.5-percent increase in sales compared with the same period last year.

Nevertheless, net income during the nine months ended June 30 rose 79.2 percent to a record $35.5 million on sales that increased 45.6 percent to a record $797.4 million.....

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