Friday, August 12, 2005

Net income down at Graham Packaging

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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