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Article: Marine Products Corporation Reports 2001 First Quarter Results.
- Article from:
- PR Newswire
- Article date:
- April 20, 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)
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ATLANTA, April 20 /PRNewswire Interactive News Release/ --
Marine Products Corporation (Amex: MPX) announced its unaudited results for the quarter ended March 31, 2001. Marine Products, through its wholly owned subsidiary Chaparral Boats, Inc., is a leading manufacturer of sterndrive fiberglass recreational boats. Marine Products became a public company on February 28, 2001, the result of a tax-free spin-off from RPC, Inc. (NYSE: RES).
For the quarter ended March 31, 2001, Marine Products generated net sales of $36,318,000, a 4 percent decrease compared to $37,885,000 last year. The decline in net sales was due to a decrease in the number of boats ...