SmartPros Ltd., a provider of accredited professional education and corporate training, recently reported its financial results for the second quarter and first half of the year.
Compared to last year, net income for the first six months of 2005 more than doubled, from $174,216, to $390,211, and for the same period, company revenues increased more than 20 percent, to $5.56 million.
For the company's second quarter, which ended June 30, revenues were $2.71 million this year, representing a 14 percent increase over revenues of $2.37 million in 2004. Net income decreased 4 percent, to $174,119. "Our company has made steady progress through the first half of 2005, both in financial and strategic terms," said vice chairman and chief executive Allen Greene, in a statement. "In addition, we remain committed to identifying and qualifying acquisition candidates that meet our specific acquisition criteria."
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