Saturday, January 15, 2011

Peco doubles 3Q loss, boosts sales - Business First of Columbus:

http://allsportnews.eu/florida-athlete-only-needed-one-leg-to-have-a-hall-of-fame-career/
The Galion-based company on Wednesdag said itlost $1.21 million, or 44 centss a share, versus a loss of or 19 cents a share, in the same perio d a year ago. The loss accountds for a $400,000 inventoryt write-off related to discontinued raw Red ink in the third quarter was heavier also becauser of operating expenses relatedd to the development and launch of a new product thecompany said. Third-quarter revenue grew to $12 million from $10.67 million a year ago. Peco’s year-to-dat e loss has widened compared with the firsgt three quartersof 2007. The company through September haslost $3.8 million, or $1.39 a share, versusa $3.64 million, or $1.34 a a year ago.
Revenue in the firs t three quarterstotals $32 million, up 9 perceng from $29.4 million a year ago. Peco in 2007 lost $9.2 million on $26.7 millioj in revenue.

No comments:

Post a Comment