LITTLE ROCK — Deltic Timber posts rise in quarter profit
Deltic Timber’s profits were $4.5 million higher in the second quarter of 2010 than in the corresponding period a year earlier because of higher lumber prices and increased sales volume, the El Dorado based company announced Tuesday.
The company had net income of $5.5 million, or 45 cents per share, in the second quarter, compared with $1 million, or 8 cents a share, a year ago.
Net sales were $38.9 million, up from $29.1 million in 2009.
The company’s woodlands segment earned $6.4 million in the second quarter, unchanged from the second quarter of 2009.
Its mill segment reported operating income of $6.2 million during the 2010 second quarter, compared with an operating loss of $1.9 million for the same quarter in 2009.
Deltic shares closed at $45.70, dropping 8 cents on the New York Stock Exchange. Its earnings were released after the market closed.
California firm buys
oncology unit in PB
A California-based cancer-treatment provider has acquired the Arkansas Cancer Institute’s Radiation Oncology unit in Pine Bluff.
Alliance Oncology, a division of Alliance Health-Care Services, a publicly traded company, says it is the nation’s largest provider of advanced outpatient diagnostic imaging services.
A Tuesday release issued by Woodbridge Group, a mergers and acquisitions firm, announced the deal.
Alliance said July 9 that it was acquiring the Pine Bluff provider for about $9 million in cash and assumed indebtedness.
The Arkansas Cancer Institute, a limited liability corporation, was listed as dissolved on the Arkansas Secretary of State’s website. Omar Atiq, who is the listed president, could not be reached.
Alliance shares closed at $3.78, down 20 cents, Tuesday on the New York Stock Exchange.
Arkansas Index slips with 12 stocks down
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 0.83 to 180.09 Tuesday.
Twelve stocks declined, four advanced and one was unchanged.
America’s Car-Mart dropped 3.1 percent in heavy trading.
Dillard’s lost 2.6 percent in light trading.
Windstream matched its 52-week high of $11.80 before closing down at $11.64.
Volume was 26.8 million shares, compared with average volume of 26.6 million shares.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business, Pages 27 on 07/28/2010