Advanced Environmental Recycling Technologies earnings release.SPRINGDALE, Ark.--(BUSINESS WIRE)--March 21, 1996--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. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AERTA AERTA Army Environmental User Requirements and Technology Assessments (US Army) , AERTZ) reported sales of $5,581,172 for the year ended Dec. 31, 1995, an increase of $1,906,154 or 51.9% over sales of $3,675,018 for the year ended Dec. 31, 1994. The Company recorded a net loss of $2,756,263 or $.17 per share for the year, which included a one-time charge in the fourth quarter of $528,538 relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the write-down of certain equipment by the Company's plastics reclamation division in Rogers, Arkansas
Sales from the Company's 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. composites manufacturing division increased to $4,532,748 in 1995 from $3,049,013 in 1994. Although the composites division recorded a loss of $343,734 for 1995, reduced manufacturing costs and increased sales resulted in a positive gross margin and positive cash flow for the year. The plastics division recorded sales of $1,048,425 during 1995, compared to $626,005 in 1994. Of the total $2,756,263 loss for 1995, $1,599,974 or 58% was attributable to the plastics division. Corporate G&A and overhead costs overhead costs see fixed costs. were reduced to $782,555 in 1995 from $992,517 in 1994. With the write-down of the plastics reclamation equipment, the Company has exited its outside plastics business, thereby focusing substantially all of that facility's capacity towards acting as a source of supply for the composites division. Additionally, the Company has traded equipment from its plastics reclamation division for additional composites manufacturing equipment to further increase the capacity of the Junction facility. The Company intends to further increase sales capacity and improve efficiencies of the composites division and by eliminating substantially all outside plastics sales, expects to further reduce the costs of operation and overhead associated with the Rogers facility. CONTACT: Advanced Environmental Recycling Technologies, Inc. Joe G. Brooks, 501/750-1299 |
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