Article: NEW JERSEY BRIEFS


The Record (Bergen County, NJ)
09-10-2009

NEW JERSEY BRIEFS
Date: 09-10-2009, Thursday
Section: BUSINESS
Column: NEW JERSEY BRIEFS

AEP Industries moves into black

SOUTH HACKENSACK AEP Industries Inc., which makes plastic packaging products for consumer and industrial use, said the company posted net income in the fiscal third quarter after selling a Dutch division.

Net income for the three months ended July 31 was $5.4 million or 79 cents a share, compared with a loss of $4.8 million, or 71 cents, from the same period a year ago.

For the nine-month period, the company said net income climbed to $29.1 million or $4.28 a share, from $2.7 million, or 40 cents.

Included in the net income of the nine ...

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