Magal Security Systems (MAGS) Swings to Q2 Profit

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Magal Security Systems Reports Second Quarter 2015 Financial Results

August 31, 2015 7:34 AM EDT

YAHUD, Israel, Aug. 31, 2015 /PRNewswire/ -- Magal Security Systems, Ltd. (NASDAQ NMS: MAGS) today announced its financial results for the three and six month periods ended June 30, 2015. Management will hold an investors' conference call later today, at 10:00 a.m. Eastern Time and 5:00 p.m. Israel time, to discuss the results.

SECOND QUARTER 2015 RESULTS SUMMARY

Revenues for the second quarter of 2015 were $15.7 million, a sequential increase of 34% compared with revenues of $11.8 million in the first quarter of 2015 and a decrease of 3% compared with revenues of $16.2 million in... More