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Albany Molecular Research Inc. Message Board

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  • MarvaD MarvaD Aug 9, 2000 11:27 AM Flag

    re: "stock split"

    Here's the announcement from Yahoo
    news:

    Albany Molecular sets 2-for-1 stock split
    ALBANY,
    N.Y., Aug 7 (Reuters) - Chemistry research and
    development firm Albany Molecular Research Inc.
    (NasdaqNM:AMRI - news) on Monday said its board of directors
    approved a 2-for-1 stock split on the company's common
    stock.

    The stock split, which will be paid out as a
    dividend, entitles each shareholder to receive a stock
    dividend of one additional share of Albany Molecular
    common stock.

    The dividend will be paid on Aug.
    24 to shareholders of record at the close of
    business on Aug. 8.

    The Albany, N.Y.-based company
    also reported a 58 percent increase in its net income
    for the second quarter to $5.9 million, or 38 cents a
    share pre-stock split, from $3.7 million, or 25 cents
    pre-stock split.

    Revenues for the quarter rose 51
    percent to $16.6 million from $11.0 million in the same
    quarter last year. Shares of Albany Molecular rose 1-1/8
    to close at 52-3/4 on the Nasdaq stock market.

 
AMRI
17.56+0.14(+0.80%)Mar 27 4:00 PMEDT