Aeti Announces 2nd Quarter And 1st Half 2014 Results, Provides Update On Strategic Initiatives – Yahoo Finance

AETI’s Q2 equity income in its foreign joint ventures, net of management expenses, was $0.9 million, down $0.2 million from Q2 2013, but up $0.6 million from Q1 2014. For the first half of 2014, the company’s foreign joint ventures reported $1.3 million of net equity income, down from $2.6 million in the first half of 2013. “We were pleased with the results from our international operations in Q2, particularly the performance from our Chinese joint venture, BOMAY,” Dauber said. “We do expect reduced activity levels at BOMAY in the second half of 2014 consistent with the seasonality we experienced last year. We are also very excited about the recently announced start-up of M&I Electric Brazil, which is already generating revenue for the Company in the third quarter.” Net Income from continuing operations was $1.1 million or $0.11 per fully diluted share, compared to $1.2 million or $0.12 per fully diluted share in Q2 of 2013 and $0.8 million or $0.09 per fully diluted share in Q1 2014. For the first half of 2014, net income from continuing operations was $1.9 million, down from the $3.0 million in the first half of 2013.

After giving birth to baby girls, the two families received alarming news their newborns needed to undergo open-heart surgery. Only days old, Reagan Farrow suffered from Total Anomalous Pulmonary Venous Return (TAPVR) a condition in which veins connect abnormally to the lungs and heart, resulting in poor circulation. She also had a chromosome gorden murah insertion. Infant Annette Walter was diagnosed with Tetralogy of Fallout and a double aortic arch when instead of one vessel, the aorta is made up of two developing severe breathing difficulty and low oxygen levels in the blood.

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