Welcome
on East Filters
Looking for auto parts? Please click below.
Our products
Racor Fuel filter/Water Separator
Oil water separator parts
Sakura Filters Equivalent
Fuel filter accessory
Top Searches
Oil filter
Fuel filter
Air filter
Oil water separator
Fuel water separator
Racor
Volvo
Caterpillar
Benz
Perkins
Scania
Komatsu
MAN
HINO
Iveco
TOYOTA
Clarke hit hard by economic downturn
Clarke Inc. reported third quarter net income of just $100,000, down from $30.1 million over the same period in 2007.
For the nine months ended Sept. 30, profit was $10.3 million compared to $70.3 million for the same period in 2007. Third quarter revenue for Clarke was $76.6 million compared to $86.7 million during last year’s Q3.
Most of the decline in profit can be attributed to Clarke’s investment portfolio, the company said in its latest financial report. The freight transportation segment saw revenue increase 21% to $10.7 million in the third quarter 'as a direct result of this segment’s efforts to gain new business through increased service offerings.'
The company reported: 'Our freight transportation segment continues to deliver exceptional results in spite of the challenges seen in the market. Management has focused on efficiency improvements and initiatives for organic growth, and expects to build on its strong overall financial performance to date during the balance of the year. Management will also review and assess opportunities to participate in strategic transactions to determine whether value can be realized or efficiencies can be gained.'
For the nine months ended Sept. 30, profit was $10.3 million compared to $70.3 million for the same period in 2007. Third quarter revenue for Clarke was $76.6 million compared to $86.7 million during last year’s Q3.
Most of the decline in profit can be attributed to Clarke’s investment portfolio, the company said in its latest financial report. The freight transportation segment saw revenue increase 21% to $10.7 million in the third quarter 'as a direct result of this segment’s efforts to gain new business through increased service offerings.'
The company reported: 'Our freight transportation segment continues to deliver exceptional results in spite of the challenges seen in the market. Management has focused on efficiency improvements and initiatives for organic growth, and expects to build on its strong overall financial performance to date during the balance of the year. Management will also review and assess opportunities to participate in strategic transactions to determine whether value can be realized or efficiencies can be gained.'