India, June 12 -- Friedman Industries, Inc. (FRD), a steel manufacturing company, reported higher profit in the fourth quarter, compared to the prior year. The increase was attributable to same-facility volume growth at the company's existing operations.
In the pre-market activity on the Nasdaq, the shares were trading 21.38 percent higher at $32.02, after closing Thursday's regular trading at 3.25 percent high.
Net income for the period rose to $9.22 million, from the income of $5.35 million in the same quarter last year.
Net earnings per share was $1.30, compared to earnings of $0.76 per share in the previous year.
EBITDA for the fourth quarter went up to $15.17 million, from $8.47 million in the prior year.
googletag.cmd.push(functi...