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Article: Arrow-Magnolia International Reports Results for Second Quarter.
- Article from:
- PR Newswire
- Article date:
- August 14, 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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DALLAS, Aug. 14 /PRNewswire/ --
Arrow-Magnolia International, Inc. (Nasdaq: ARWM) today announced results for the second quarter and six months ended June 30, 2001.
For the second quarter, net sales were $3.53 million compared to $3.78 million in the same quarter last year. Income before nonrecurring items and income taxes in the most recent quarter was $118,000. This amount was reduced by $125,000 paid by the Company to settle a lawsuit, resulting in a net loss of $7,000 for the quarter, compared to net income of $303,000, or 9 cents per share (8 cents diluted) in the year-earlier quarter.
For the six months ended June 30, 2001, net sales ...
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