Operating earnings before depreciation and amortization (EBITDA) for the fourth quarter of 2007 were a loss $2.2 million which represents a $2.1 million decrease from the $4.3 million EBITDA loss during the fourth quarter of 2006. The fourth quarter of last year included a $1.4 million restructuring charge.
Year-to-date EBITDA was $8.8 million compared with an EBITDA loss of $1.2 million last year. Selling, general and administrative expenses ("SG&A") during the fourth quarter of 2007 decreased by $0.8 million. Year-to-date SG&A decreased by $2.4 million on a $9.7 million sales increase.
Danier maintained a strong financial position at year-end with cash of $20.6 million compared with $11.8 million last year.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
