Sunair Services Corp. announced an increase in revenue during the fiscal year ended Sept. 30, 2006.
Revenues for the fiscal year were $55.4 million from continuing operations, compared to revenues of $21.5 million for the prior year. The Company reported a loss from continuing operations of $(4,582,207) for the year or $(0.37) per basic and diluted share compared to a loss from continuing operations of ($776,264) or $(0.10) per basic and diluted share.
We are pleased with the progress that we've made during fiscal 2006," said John Hayes, Sunair's CEO. "In our lawn care and pest control services division, where Middleton is our platform, we had indicated that our strategy is to grow both organically and through acquisition. We have completed five acquisitions, which are now integrated into Middleton, all while continuing to grow organically. Our organic growth is fueled by our successful cross selling efforts in both lawn care and pest control services and by maintaining retention rates above industry averages."
Hayes added, "We are extremely excited about our Company's prospects for fiscal 2007."
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