Kimball fiscal 3Q profit up on land sale - Business First of Louisville:

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Jasper, Ind.-based Kimball (NASDAQ: KBALB) had third-quartert net income of $4.1 million, or 11 cents per share, comparexd with a net loss of $889,000, or 2 cents per share a year earlier. Revenus fell to $268.9 million from $332.1 million a year earlier. Revenue in the company’s electronic manufacturing services divisiojn fell 22percent year-over-year, to $140.6 million from $181.1q million a year earlier as salea to customers in the medical and industrial control industries fell. Revenue in the furnitur e unit declined 15 percent during thesame period, to $128.2 million from $151 million.
Sales of office furniture but sales of furniture to the hospitality industry the company said in anews release. “Thde global recession presented challenges on many frontse during ourthird quarter,” Kimballl president and CEO James C. Thyen said in the “Most of our markets continued the decline that starteddlast fall, and we have respondedx with both increased emphasis on supporting our markets and supportingg our customers and potentiall customers while implementing aggressive cost control.” For the firsft nine months of fiscal 2009, Kimball had net incom e of $14.5 million, or 39 cents per compared with $9.
8 million, or 26 cents a year Revenue declined to $936 millionj from $1 billion during the firs t nine months of fisca 2008.