FFEX tallies year-end results for 2007

April 1, 2008
Frozen Food Express Industries Inc. has announced its financial and operating results for the three- and 12-month periods ended December 31, 2007. The

Frozen Food Express Industries Inc. has announced its financial and operating results for the three- and 12-month periods ended December 31, 2007.

The Dallas TX-based refrigerated carrier's 2007 fourth quarter revenue increased 4.9% to $117.9 million from $112.4 million in the comparable 2006 quarter.

For the 2007 fourth quarter, FFEX incurred a pre-tax loss of $5.3 million, versus pre-tax income from continuing operations of $5.0 million during the same quarter a year earlier. The company reported an after-tax net loss of $3.5 million for 4Q 2007. For the comparable three months of 2006, FFEX reported net income of $4.3 million.

Revenue for 2007 decreased by 6.5% to $452.2 million from $483.7 million in 2006. For 2007, FFEX incurred a pre-tax loss of $9.9 million, compared with pre-tax income from continuing operations of $17.7 million during 2006. The company reported a net loss of $7.7 million for 2007, versus net income of $11.2 million during 2006.

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