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AMG Advanced Metallurgical Group (AMS:AMG) announced financial results for second quarter 2011.
AMG Advanced Metallurgical Group (AMS:AMG) announced financial results for second quarter 2011.
The press release is quoted as saying:
The second quarter 2011 EBITDA increased by $3.4 million to 7% of revenue from 9% of revenue in 2010 due to the increase in gross profit, but this was offset by a 42% increase in SG&A due to the acquisition of KB Alloys and long-term incentive expenses of $1.6 million.
Click here to read the entire news release.