Falken Industries Ltd. Announces Earnings Results for the Second Quarter Ended June 30, 2012; Provides Earnings Guidance for the Fiscal 2012
For the fiscal 2012, the company expects continued progress in procurement, hedging, and production efficiencies that leads to higher revenue and profit, and this, notwithstanding the strong dollar. The company expects a substantial improvement in overall sales and profits, notably in professional and industrial products for the balance of the year, and a major breakthrough in 2013.