Date: October 3, 2002
Source: News Room
Ecology and Environment, Inc. (Amex: EEI) has announced results for the year ended July 31, 2002. Net revenues for the fiscal year ended July 31, 2002 were $74.3 million, up from the $73.4 million reported in fiscal year 2001. Net income for fiscal year 2002 was $1,409,000 or $.35 per share, down 26% from the $1,895,000 or $.46 per share reported in the prior year. Company officials attribute the increase in net revenues for fiscal year 2002 to the company's new Saudi Arabia and Kuwait contracts, which were signed during the first quarter and second quarter of fiscal year 2002. More information: www.ene.com.
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