(Source: Datamonitor)
Staples, an office products company, has reported a net income attributable to the company of $92 million or $0.13 per diluted share in the second quarter of 2009, down 38%, compared to $150.23 million or $0.21 in the second quarter of 2008.
The company's total sales for the second quarter of 2009 increased 9% to $5.5 billion, compared to $5.1 billion in the same quarter of 2008.
For the first half of 2009, net income attributable to the company was $235.4 million or $0.33 per diluted share, compared to $362.5 million or $0.51 per diluted share in the same period of 2008.
Total sales for the first half of 2009 were $11.35 billion, compared to $9.96 billion in the first half of 2008.
Ron Sargent, chairman and CEO of Staples, said: "Staples generated record cash flow, as our team did an outstanding job managing expenses and working capital during the second quarter. We are winning in each of our businesses by providing excellent customer service and continuing to invest in growth initiatives."
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