Small Cap News Movers for 8/14/09

Patrick Industries, Inc. (NASDAQ: PATK) earlier this week reported its financial results for the second quarter and six months ended June 28, 2009. For the second quarter of 2009, the company reported a net loss of $0.7 million or $0.07 per diluted share, compared to net income of $1.9 million or $0.25 per diluted share for the 2008 period. Net sales were $55.9 million in second quarter 2009, a considerable decrease from the $95.6 million reported during the 2008 period. The stock closed at $2.40, up 49.07%, on 73,070 traded shares.

China GrenTech Corp. Ltd. (NASDAQ: GRRF) yesterday announced its unaudited financial results for the second quarter ended June 30, 2009. Total revenue increased 127.1% year-over-year to RMB423.2 million (US$62.0 million). Gross profit also increased dramatically, rising 70.4% year-over-year to RMB105.9 million (US$15.5 million). Net income was RMB13.3 million (US$2.0 million), compared to net loss attributable of RMB17.0 million in the second quarter 2008. The stock closed at $5.97, up 47.04%, on 4,951,424 traded shares.

GreenHunter Energy, Inc. (AMEX: GRH) announced this morning its financial and operating results for the three months ended June 30, 2009. For the second quarter of 2009, the Company reported net income to common shareholders, including one-time events, of $4.45 million ($0.13 per fully diluted common share) on total revenues of $1.7 million, compared to a net loss of $7.3 million ($0.37 loss per fully diluted common share) on total revenues of $468 thousand in the second quarter of 2008. The stock closed at $2.50, up 59.24%, on 5,551,084 traded shares.

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