KSS Fuels has announced that the acceleration of new business wins and the successful integration of a major acquisition fueled record revenues and earnings for the first half of its fiscal year.
The record performance in the period ending December 31, 2011 reflected strong sales gains in each of the company’s core markets – North America, Europe, Japan, Australia and South Africa. The results were further enhanced by extended product offerings from the recently acquired MPSI (Market Planning Solutions Inc).
Chief executive officer Bob Stein said both revenues and earnings grew more than 90% over the previous year same period. “This is truly gratifying to have a record performance so soon after a major acquisition and integration of two companies,” said Stein.
“Our outstanding results are testament to a committed customer-focused staff as well as appreciation from our customers of the value that we bring to their businesses in using our pricing, retail network planning tools and industry knowledgeable services to improve processes and decision making, thereby increasing profitability.”
KSS Fuels now has more than 400 customers in 80 countries. In addition to its core markets, the company is pursuing growth opportunities in India, Southeast Asia, China and Brazil.
Building upon the strengths of KSS Fuels and MPSI, the combined company provides leading solutions in fuels pricing and retail network planning to petroleum retailers worldwide.