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The Honolulu Advertiser

Posted at 10:35 a.m., Thursday, September 6, 2007

Young Laundry owner reports losses narrowed

Advertiser Staff

U.S. Dry Cleaning Corp., the Palm Springs, Calif.-based company that owns Honolulu's Young Laundry, reported its net loss narrowed during the second quarter to $1.18 million, or 10 cents a share, from $4.07 million, or 32 cents a share, a year earlier.

The company reported revenue rose to $2.43 million from $1.62 million a year earlier, helped by its acquisition in February of a chain in Riverside, Calif.