KBR's profit rises 52 percent

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Aug. 2, 2007, 10:46AM
KBR's profit rises 52 percent


By JOHN PORRETTO
Associated Press


KBR said Thursday its net income rose 52 percent in the second quarter, lifted by the sale of its share of a British dockyard.

Earnings for the April-June period amounted to $140 million, or 83 cents a share, compared with net income of $92 million, or 68 cents a share, in the year-ago period.

Revenue was relatively flat at $2.15 billion in the most-recent period, versus $2.23 billion a year ago.

The Houston-based military contractor and engineering/construction outfit, which split from Halliburton in April, said earnings from continuing operations in the second quarter were $50 million, or 30 cents a share, up from $4 million, or 3 cents a share, in the second quarter of 2006.

http://www.chron.com/disp/story.mpl/business/5021396.html