AMG Reports Second Quarter 2011 Results

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.