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Los Angelas, CA -- (SBWIRE) -- 01/23/2013 -- RF Industries Ltd. (NASDAQ:RFIL) announced record quarterly sales and consolidated net income for the fourth quarter and fiscal year ended October 31, 2012. For the fourth quarter ended October 31, 2012, the company reported revenues of $10,529,000, an increase of $4,575,000, or 77%, as compared to $5,954,000 in the same quarter of fiscal 2011. Consolidated net income for the quarter was $1,158,000, or $0.17 per basic and $0.15 per diluted share, compared to a consolidated net loss of $50 thousand, or $0.01 net loss per basic and diluted share in the fourth quarter of 2011.
Is RFIL A Secure Investment? Watch Out An Over View of RFIL Here
Central European Distribution Corporation (NASDAQ:CEDC) announced today that it had appointed Mr. Ryan Lee as Chief Financial Officer (CFO). Mr. Lee, who had served as CFO of Russian Alcohol Group, a CEDC subsidiary, since April 2012, brings over 23 years of financial management experience in both retail and tobacco. He has worked for 13 years in Russia, five years in Switzerland, and two years in each of the UK and the Netherlands. From November 2008 to March 2012, Mr. Lee worked for Eldorado as Vice President Finance, leading the successful turnaround of one of Russia's largest electronic retailers.
Should Investor Hold CEDC For The Next Big Move: Check Out Recent Analyst View
Shares of rural telecom company Atlantic Tele-Network (NASDAQ:ATNI) soared 11% today after giant AT&T (NYSE: T) agreed to acquire its domestic retail wireless business, Alltell, for $780 million in cash.Atlantic Tele-Network's shares have been stagnant over the past several years, but the sale of Alltell, which covers about 4.6 million people in rural areas in the United States, nicely unlocks some shareholder value. In fact, management plans to use the proceeds for acquisition opportunities, possible debt reduction, and dividend payments, triggering plenty of optimism over its financial flexibility going forward. The deal is subject to approval from the FCC and the Department of Justice and is expected to close in the second half of 2013. "We are pleased that AT&T recognizes the value of our U.S. wireless retail operations and is acquiring these assets," said Atlantic Tele-Network CEO Michael Prior. "We have a disciplined, long-term approach to managing our portfolio." Given today's run-up in the shares, however, I'd wait for some of the excitement to fade before buying into that bullishness.
Is ATNI Going To Move Higher As Many Investors Expect: Find Out Here
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