Net income for the second quarter was down at Graham Packaging, owners of the former Tetra Pak plant in Joplin. Net income for was at $4.1 million compared to $16 million during the same period in 2004, according to a filing today with the Securities and Exchange Commission.
Gross profit increased $23.2 million to $78.3 million, the filing said, with the credit given to Graham's purchase of O-I Plastic, but that purchase also increased administrative expenses from $16.1 million to $32.1.
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