Avalon Holdings Reports Drop in Net Revenues

WARREN, Ohio — Avalon Holdings Corp. reports net operating revenues in the fourth quarter ended Dec. 31 were $14.2 million compared with $15.6 million in the fourth quarter of 2016.

The company said it incurred a net loss attributable to common shareholders of less than $0.1 million, or one cent per share, in the fourth quarter compared with a net loss of $400,000, or 10 cents a share, in the fourth quarter of 2016.

For the year ended Dec. 31, net operating revenues were $55.8 million compared with $61.4 million for 2016. The net loss attributable to shareholders was $300,000 or eight cents a share, compared to $100,000 in 2016 or two cents per share.

Avalon Holdings provides waste management services, captive landfill management services and salt water injection well operations.  The company also owns Avalon Resorts and Clubs Inc., which includes the operation of a hotel and its associated amenities, three golf courses and related country clubs and facilities.

SOURCE: Avalon Holdings Corp.