Thursday 30. July 2009
Orchids Paper Products Company Reports Increased Sales and Earnings in Second Quarter Results
Orchids Paper Products Company (NYSE Amex: TIS) today reported net income for the three months ended June 30, 2009 of $3.8 million, or $0.55 per diluted share, a fourth consecutive quarterly record, compared with $887,000, or $0.14 per diluted share, in the same period in 2008. Net income was $6.6 million, or $0.97 per diluted share, for the first six months of 2009, an increase of $5.1 million compared to net income of $1.5 million, or $0.23 per diluted share, reported for the first half of 2008.