Tuesday, 10 July 2007

Acuity posts 35 pct increase in quarterly profit

(Reuters) - "As we look beyond our fiscal year 2007 and into 2008, we believe favorable conditions will remain intact in key sectors of the nonresidential market despite the potential negative impact from a continuing weak residential housing market," Chief Executive Vernon Nagel said in a statement.




In April, Acuity said it remained optimistic about its performance for the second half of 2007 in spite of continued cost and pricing pressures.


Read more at Reuters.com Market News

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