Avalon Holdings Reports $15.6M in 2Q Revenues

WARREN, Ohio — Avalon Holdings Corp. reports second-quarter net operating revenues of $15.6 million compared to $14.0 million in the second quarter of 2015.  The company recorded net income attributable to common shareholders of $421,000 compared with a net loss of $5,000 in the prior-year quarter.

For the second quarter of 2016, basic net income per share was 11 cents compared with a zero loss in the second quarter of 2015.

For the first six months of 2016, net operating revenues were $26.6 million compared with $24.7 million for the first six months of 2015.  The company incurred a net loss attributable to shareholders of $500,000 in the first six months compared with a net loss of $1 million in the first six months of 2015.

Net loss per share was 13 cents compared with a net loss per share of 27 cents in the first six months of 2015.

Avalon Holdings Corp. provides waste management services to industrial, commercial, municipal and governmental customers in selected markets, captive landfill management services and saltwater injection well operations.

Avalon Holdings also owns the Avalon Golf and Country Club, which includes the operation of golf courses, country clubs and related facilities and The Avalon Inn, which operates a hotel and related amenities offered by the facility.

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