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Synagro announces fourth-quarter profit

Synagro Technologies Inc. (NASDAQ: SYGR) has announced that its fourth-quarter net income was $3.2 million, or 4 ce...


Synagro Technologies Inc. (NASDAQ: SYGR) has announced that its fourth-quarter net income was $3.2 million, or 4 cents per diluted share, on revenue of $89 million, compared to a net loss of $549,000, or 1 cent loss per share, on revenue of $90 million for the same period in 2005.

The Houston-based recycler said fourth quarter results improved due to ongoing operations, but design build revenue was down after completing its Honolulu dryer facility project.

For the full year, net income was $8 million, or 10 cents per diluted share, on revenue of $345.8 million, compared to a net loss of $19 million, or 40 cents loss per share, on revenue of $338 million in 2005.


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