For fiscal 2011, 2SS had just over $26 million in net income, a 21.7-percent increase from $21.4 million for 2010. Revenue for the most recently completed year was $77.6 million, a rise of 10.9 percent from just under $70 million the prior year. Revenue came overwhelmingly from services which were $69.4 million for 2011 and just under $62 million for 2010. The remainder of revenue came from product sales.
In both 2009 and 2010, 2SS paid out more in dividends than it earned in net income with the company still able to improve its cash position because of cash generated by operations. In 2009, the company earned $19.4 million and paid $22.5 million in dividends while it distributed $23.4 million in 2010. Last year's dividend payment of $21.6 million was less than net income.
Last modified on Sunday, 02 June 2013