FFEX meets a deadline, reports '05 figures
Jun 15, 2006 8:59 AM, from staff and wire reports
Frozen Food Express Industries Inc has filed its 2005 annual report on Form 10-K with the Securities and Exchange Commission.
As previously reported, the Dallas TX-based refrigerated carrier requested and was granted continued listing of its common stock on the NASDAQ stock market subject to compliance with certain conditions, which included filing the Form 10-K on or before June 16, 2006. The firm also believes it will be able to file its quarterly report on Form 10-Q for the period ended March 31, 2006, on or before June 30, 2006, as stipulated by the NASDAQ Listing Qualifications Panel.
For the three months ended Dec 31, 2005, total revenue increased 14.2% to $141.9 million from $124.2 million for the same quarter of 2004. Income from operations more than doubled during fourth quarter 2005 to $9.2 million, compared with $3.8 million during the same period last year. Net income rose to $6.4 million from $1.8 million.
Total revenue for the 12 months ended Dec 31, 2005, climbed 10.5% to $524.1 million from $474.4 million for 2004. Income from operations during 2005 advanced 74.7% to $30.0 million versus $17.2 million for 2004. Net income surged 90.0% to $20.4 million from $10.8 million during 2004.
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