During the first quarter ended December 31, 2005, sales of $12,965,990 were up 154.5% or $7,872,002 from the same quarter one year ago. Of those sales, $9,456,794 or 72.9% were attributed to the new Lawn and Pest Control services segment. Net income (loss) for the quarter was $(364,543), compared to $372,405 reported in the first quarter of the previous year. Primary earnings (loss) per share for the quarter were $(0.03), compared to $0.09 for the same period one year ago. The Company's revenue in the first quarter increased primarily due to revenues received from acquisitions in the Lawn and Pest Control Services Division in Fiscal 2005.
"Middleton, our Lawn and Pest Control Services brand, had another excellent quarter. They were able to continue to grow customer accounts organically, all while completing the acquisition and beginning the integration of Pest Environmental (aka Spa Creek Services, LLC), which closed December 16, 2005," said Sunair CEO John Hayes. "Our objective is to become a significant provider in the lawn and pest control services industry where we now service over 93,000 customer accounts."
The company continues to incur costs, professional fees and amortization expenses in its home office that are associated with the establishment of its lawn and pest division.
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