|
|
Article: Allied Holdings Reports Fourth Quarter and Full Year 2000 Unaudited Results.
- Article from:
- PR Newswire
- Article date:
- February 13, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. 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)
|
DECATUR, Ga., Feb. 13 /PRNewswire/ --
Allied Holdings, Inc. (NYSE: AHI) today reported a net loss of $7.5 million, or $0.94 per share, for the fourth quarter ending December 31, 2000, compared with net income of $5.3 million, or $0.67 per share, for the fourth quarter of 1999.
These results were negatively impacted by deteriorating market conditions in the automotive industry and a non-recurring charge. Allied Holdings, whose Allied Automotive Group subsidiary is the largest company in North America specializing in the delivery of new and used vehicles, warned in December that market conditions in the automotive industry would dramatically impact the ...