Tuesday, August 16, 2011

Juhl Wind (OTC:JUHL) Reports Six Month Revenue of $7.7M and Profits

Juhl Wind (OTC:JUHL) Reports Six Month Revenue of $7.7M and ProfitsTomahawk, WI 8/16/2011 (PennyPayDay) – Juhl Wind Inc. (OTC:JUHL) today announced, in a press release, its results for the second quarter of 2011. Revenue for the first six months of 2011 was $7,678,000 compared to $2,303,000 for 2010, or an increase of $5,375,000, or 233%. Revenue for the second quarter 2011 was $1,087,000 compared to $668,000 in the second quarter of 2010, or an increase of 63%. JUHL is also under an e-mail promotion campaign initiated yesterday by a third party investor.

Basic and fully diluted earnings per share of $0.09 income per common share for the six months ended June 30, 2011 compares to the $0.07 loss per common share for the comparative six months ended in 2010.

"We are obviously, very pleased to file our 10Q for the second quarter of 2011 where we continued to build upon our success from the first quarter, again delivering strong financial results," stated Dan Juhl, Chairman and CEO of Juhl Wind Inc. "As we have been reporting to the market, the first half of this year saw us wrapping up construction on key wind farms as well as pulling together the permanent, take-out financing on others. These efforts produced over $7.5 million in revenue for the six months and brought in a net $3.6 million in cash within the six months followed by another $1.25 million in August. As a result, today we ended the quarter with over $5 million in cash on our balance sheet. All in all, we are very proud of those results."

"We believe that our financial performance in the first half of 2011 continues to underscore just how much our team has accomplished in the past couple of years, with the successful ongoing development and construction of seven wind farm projects," added John Mitola, President of Juhl Wind Inc. "With over $5.7 million in cash on our balance sheet as of today's press release, we know we enjoy one of the most solid balance sheets in the wind industry amongst independent developers, owners and operators. This cash puts us in a position of strength to implement the growth initiatives we laid out in our first quarter outlook conference call."


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