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Avalon Holdings Reports Income of $100,000
WARREN, Ohio -- Avalon Holdings Corp. reports third-quarter net operating revenues of $14.4 million compared with $16.4 million in the third quarter of 2013.
The company recorded net income of $100,000, or 3 cents per share for the third quarter compared with net income of $400,0, or 11 cents per share in the 2013 quarter.
For the first nine months of 2014, net operating revenues were $37.4 million compared with $46.8 million for the same period in 2013. The company incurred a net loss of $700,000, or 18 cents per share for the first nine months of 2014 compared with net income of $700,000 million or 19 cents per share for the first nine months of 2013.
Avalon Holdings Corp. provides waste management services to industrial, commercial, municipal and governmental customers in selected Northeast and Midwest U.S. markets.
Avalon Holdings also owns The Avalon Resort and Spa, which includes the operations of a hotel (the former Magnuson Grant Hotel in Howland) and the Avalon Golf and Country Club, which operates golf courses and related facilities.
SOURCE: Avalon Holdings Corp.
Published by The Business Journal, Youngstown, Ohio.
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