|3 months to March 31, 2009||Previous year|
|Net profit / share||$0.18||$0.13|
|6 months to March 31, 2009||Previous year|
|Net profit / share||$0.36||$0.18|
Second quarter revenue increased to a record of $93.4 million up 85% over the prior year of $50.6 million. Revenue for six months is $150.4 million up 81% from the prior year. Overseas sales to our majority owner coupled with favorable exchange rates and a healthy demand for agricultural products contributed to the sales increase.
Net earnings for the quarter increased to $4.6 million from $3.2 million in the previous year. Earning per share came in at $0.18 compared to $0.13 in the prior year. Net earnings for 6 months increased to $9.0 million or $0.36 per share compared with $4.4 million or $0.18 per share last year.
Record sales in 2009 are expected despite the current global economic crisis. As a result of strong commodity prices there will be an increased focus on the North American market in order to satisfy the demand for equipment. Sales of short-line equipment continue to be strong, however a decline in tractor sales is anticipated for the remaining part of the year.