Many companies are including ethical compliance issues in thier overall strategic plans plans primarily because:
A. there is a correclation between improving ethical conduct and increasing profitability.
B. such action may
I think it's A, because being ethical improves employee productivity which makes company more profitable.
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During the three months ended December 31, 2011, the Company reported net income of $2.9 million, or $0.33 diluted earnings per share compared to $134,000 or $0.02 diluted earnings per share, respectively for the same period a year ago. This quarter's results reflect a $3.7 million income tax benefit partially offset by a $1.2 million executive retirement and related transition expense. Excluding those two items, the Company achieved adjusted net income(1) of $373,000 for the quarter and Adjusted EBITDA(2) of $1.1 million, which non-GAAP financial measures are defined and reconciled below. These adjusted results are higher than reported net income and EBITDA(3) for the same period a year ago by $239,000, or 178%, and $142,000, or 15%, respectively.
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