AERT loses $1,4 million in 1Q; reports sales up.Advanced Environmental Recycling Technologies Recycling technology Methods for reducing solid waste by reusing discarded materials to make new products. The three integral phases of recycling are the collection of recyclable materials, manufacture or reprocessing of these materials into new products, and Inc. said it lost $1.4 million in the first quarter even as sales reached $29.4 million, up 31 percent from $22.4 million during the same quarter last year. The company's net loss was greater than the $1.2 million loss it reported during the same quarter last year, but it included a one-time charge of $484,000 for asset impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. at its Junction, Texas Junction is a city in Kimble County, Texas (USA). The population was 2,618 at the 2000 census. It is the county seat of Kimble CountyGR6. Geography Junction is located at (30.489772, -99. , plant. "A key goal of 2008 was to restore our revenue to the 2006 level of approximately $100 million and get back to profitability by year-end," CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Joe Brooks said in a news release. "I am encouraged that our first quarter results have kept us on track to meet that goal, putting us at a $117 million annual run-rate. We have continued to expand our product lines, made our first sales to China, increased market share, and invested in our future." |
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