Article: Noel posts wider loss in quarter. (Noel Industries Inc.)

Noel posts wider loss in quarter

NEW YORK (FNS) -- Hurt by the cost of a worker training program in Jamaica, Noel Industries, Inc. had a wider loss in the first quarter ended Jan. 31. The loss was $289,649 against a loss of $138,372. Sales edged up 0.7 percent to $5,944,286 from $5,902,074.

The company said the training program limited production for the quarter despite a substantial order backlog. Noel added ...

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