keithsan
03-15-2006, 08:38 AM
)--March 15, 2006--Zenex International, (OTCBB: ZENX.OB) a leading provider of commercial roofing, repair and maintenance work, as well as disaster recovery services today reported its financial results for the fourth quarter and full year ended December 31, 2005.
For the fourth quarter, revenues were $17.3 million, an 8% increase over the $16 million reported in the prior year period. Net income for the fourth quarter was $2.5 million, a 30% increase over the $1.9 million for the fourth quarter of 2004. Earnings per share for the fourth quarter were $0.03 per fully diluted share versus $0.02 per fully diluted per share reported in the prior year.
For the full year, revenues totaled $59.2 million, a 113% increase over the $27 million reported for 2004. Net income rose to $9.3 million, or $0.12 per fully diluted share versus the $1 million, or $0.02 reported in the prior year. Revenues in 2005 included $42.2 million for storm-related work in Florida and Mississippi versus $10.6 million in 2004.
For the fourth quarter, revenues were $17.3 million, an 8% increase over the $16 million reported in the prior year period. Net income for the fourth quarter was $2.5 million, a 30% increase over the $1.9 million for the fourth quarter of 2004. Earnings per share for the fourth quarter were $0.03 per fully diluted share versus $0.02 per fully diluted per share reported in the prior year.
For the full year, revenues totaled $59.2 million, a 113% increase over the $27 million reported for 2004. Net income rose to $9.3 million, or $0.12 per fully diluted share versus the $1 million, or $0.02 reported in the prior year. Revenues in 2005 included $42.2 million for storm-related work in Florida and Mississippi versus $10.6 million in 2004.