Falken Industries Ltd. announced earnings results for the second quarter ended June 30, 2012. For the quarter, the company reported that net operating revenues even after unfavorable net currency adjustments to the strong dollar were up 34% from the year-ago quarter and net operating margins increased 17% to 45.53%. Profits were a solid 2 cents per share on an annualized basis.

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.