Metalico Announces Half-Year Results

Metalico, Inc. (NYSE:MEA) announced increases in its 2011 sales, net income and earnings per share over 2010 despite a lackluster fourth quarter.

As quoted in the press release:

Platinum Group prices are expected to trade in a wide and volatile range over the next few months from the effects of major world currency movements associated with the risks of ongoing European debt crises. Rising automobile production should help support stronger PGM pricing as well. Metalico’s PGM volumes are expected to be below 2011 totals as the Company works to restore metal margins to more acceptable levels.

Click here to read the Metalico, Inc. (NYSE:MEA) press release.