Heelys Turns Around From Last Year’S Loss

2010-08-20T00:00:00

Despite a 29.0 percent plunge in revenues to $8.8 million for the second quarter ended June 30, Heelys managed to report net income of $473,000, compared with a loss of $1.6 million in the same period in 2009. The gross profit margin jumped by 9.3 percentage points to 42.2 percent.

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