MFC Industrial Q2 Profit Decreases - Quick Facts

(RTTNews) - MFC Industrial Ltd. (MIL) reported that its second-quarter net income attributable to owners of the parent company decreased to $6.16 million or $0.10 per share, from $11.06 million or $0.18 per share, last year.

Net sales rose to $166.97 million, from $104.45 million a year ago. Gross revenues were $168.93 million, compared to $106.15 million last year. MFC Industrial also announced the appointment of Silke Stenger to the Board of the company. Stenger is a former director of the company when it was KHD Humboldt Wedag International Ltd. Stenger is the Chief Financial Officer of Management One Human Capital Consultants Ltd.