Two units pull down Cohesant profit

Cohesant Technologies Inc. today posted fiscal second-quarter profit of $77,835, compared with profit of $502,254 a year earlier. Revenue of $7.4 million was up from $6.8 million.

The Indianapolis company, which makes pipes and coating products for the water and wastewater markets, said the most recent quarter was hit by losses in its rehabilitation, and franchising and licensing divisions.

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