International Wire earnings jump in 2d qtr.
Aug 12, 2014 | 12:49 PM
| Saranya Kapur
NEW YORK Copper wire products maker International Wire Group Holdings Inc. posted a 9.6-percent increase in net income to nearly $5 million in the second quarter, driven by higher plant utilization and lower medical costs, as well as lower depreciation and amortization.
The Camden, N.Y.-based companys sales dipped slightly to $196.2 million from $197.2 million a year earlier on lower copper selling prices, partially offset by a lower proportion of tolled copper in the companys product mix.....
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