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Hallwood Group net income up $28.9mn in 2005

14 Nov '05
4 min read

For the 2005 nine months, income tax expense relating to continuing operations was $17.8 million, which included a current federal tax expense of $15.6 million, a non-cash, deferred federal tax expense of $917,000 and state tax expense of $1.4 million. For the 2004 nine months, the income tax (benefit) relating to continuing operations was ($5.5 million), which included a current federal tax expense of $230,000, a non-cash, deferred federal tax (benefit) of ($7.5 million), and state tax expense of $1.7 million.

Texas based The Hallwood Group Incorporated is a diversified holding company operating in two industry segments: real estate and textile products. The Company's real estate operations formerly included 116 buildings under management in six states. The Company's textile products subsidiary is an integrated textile company that develops and produces innovative woven fabrics through specialized finishing, treating and coating processes.

Hallwood Group

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