Record $320 Million Net Revenue in Second Quarter Grows 27% From Prior Year and 7% Sequentially From Prior Quarter -- Record Income From Operations of $13 Million in Second Quarter -- Net Income of $20 Million and $0.21 Income per Diluted Share in Second Quarter -- Positive Cash Provided by Operating Activities of $19 Million Our earnings goal, assuming stable currency exchange rates for the remainder of this year, is to produce between $0.38 and $0.42 income per diluted share for the full year 2003.
"We also reduced our long-term debt by $20 million during the second quarter, further strengthening our balance sheet. Our on-going debt reduction efforts, combined with our strengthening operating performance, has improved our key financial ratios. This continuing improvement should enable PRIMUS, at the appropriate time, to refinance its debt at more favorable interest rates and increase our cash flow." gratuliere strike!
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