latest news releases from the newsroom
Innospec Declares Semi-Annual Interim Dividend
NEWARK, Del., Aug. 14, 2008 (PRIME NEWSWIRE) -- Innospec Inc. (Nasdaq:IOSP) today announced that its Board of Directors has declared a semi-annual dividend of $0.05 per share. The dividend is payable October 6, 2008 to holders of record of the corporation's common stock on September 1, 2008.
SOYO Group Inc.
SOYO Group Reports 2nd Quarter Sales Up 33 Percent to US$32.2 Million; Income From Operations Up 181 Percent to $1.02 Million
ONTARIO, Calif., Aug. 14, 2008 (PRIME NEWSWIRE) -- SOYO Group Inc. ("SOYO" or "Company") (OTCBB:SOYO) today announced that net revenues increased by $7,992,565 or 33.0% to $32,194,960 in the three months ended June 30, 2008 compared to $24,202,395 for the same period in 2007. Additionally, income from operations increased by $655,165, or 181%, to $1,017,705 in second quarter 2008 compared to $362,540 for the same period in 2007. However, our net income for the quarter was only $29,878, well below the projected net income of $1,000,000 for the quarter. Net income for the six months ended June 30, 2008 was $235,587, also well below the companies projected net income of $1,500,000. The company commented earlier today that the profit short fall was a direct result of increased shipping costs, a result of higher fuel costs. The company's internal analysis showed that shipping charges during the quarter exceed expectation by more than $1,300,000 based on the volume of goods shipped.