Advance Materials Group Reports Second Quarter Results
July 30, 2003
Advanced Materials Group, Inc. recently reported decreased sales of 27% with a net loss for the second fiscal quarter ended May 31, 2003, of $78,000 or $0.01 per share compared to a net loss of $111,000 or $0.01 per share for the comparable period of fiscal 2002. Net sales for the second quarter of fiscal 2003 were $6.7 million vs. $9.3 million for the comparable period of fiscal 2002. Sales for the U.S. declined 28%, sales in Singapore declined 46% and sales in Ireland decreased 3%. The net loss in the U.S. improved by $120,000, the net income in Singapore declined by $83,000 and the net loss in Ireland increased by $4000.
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