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Article: American Biltrite Reports Second Quarter Results.
- Article from:
- Business Wire
- Article date:
- August 12, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WELLESLEY HILLS, Mass. -- American Biltrite Inc. (NYSE Amex: ABL) reported its results for the second quarter of 2009 today. Net sales for the three months ended June 30, 2009 were $81.3 million, down 19.7% from $101.2 million in the second quarter of 2008. The net loss for the three months ended June 30, 2009 was $2.2 million or $0.63 per share (basic and diluted) compared with a net loss of $70 thousand or $0.02 per share (basic and diluted) in the second quarter of 2008. For the six months ended June 30, 2009, American Biltrite's net loss was $7.7 million, or $2.22 per share (basic and diluted), on net sales of $151.4 million, compared with net income of $902 thousand, ...
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