Net income from continuing operations after minority interest declined by $0.2 million to $0.7 million ($0.07 basic earnings per share) in the second quarter of this year due to small increases in other expense and income tax expense, as compared to consolidated net income from continuing operations after minority interest of $0.9 million ($0.09 basic earnings per share) in the second quarter of 2012."We are pleased with our performance in the second quarter, and we believe that both of our business segments are operating efficiently at this time," commented Nidal Z. Zayed, President and CEO of Pernix Group. "We have seen improvement in activity levels at our mission-critical projects for the US government, and we have recently begun work on new projects in both segments of our business. We are continuing to invest in high caliber business development and operations professionals to accelerate and execute our growth strategy."
Pernix Group, Inc. Announces Second Quarter 2013 Financial Results
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