Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: stanleyjmall Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 88  
Subject: FBCE earnings Date: 8/9/2001 8:59 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
FiberCore Reports Record Sales, Earnings And Backlog for Second Quarter

August 09, 2001 08:27:00 (ET)


CHARLTON, Mass., Aug 9, 2001 /PRNewswire via COMTEX/ -- FiberCore, Inc. (FBCE, Trade), a leading manufacturer and global supplier of optical fiber and preform for the telecommunication and data communications markets, today announced results for the second quarter ended June 30, 2001.

Sales in the second quarter of 2001 increased 182% to a record $18.1 million from $6.4 million in the year ago period. Sales benefited from continued strong demand from new and existing customers, higher pricing and the inclusion of Xtal FiberCore Brasil S.A. from June 1, 2000. Xtal contributed $12.2 million to sales in the quarter compared to $2.6 million of sales for last year's second quarter. FiberCore Jena's sales increased by 47% for the period. Net income was $3.0 million, or $0.05 per diluted share, in the second quarter of 2001. This compares favorably to a net loss of approximately $5.3 million, or $0.11 per share, in last year's second quarter. The net loss in the second quarter of 2000 included non-cash interest charges of $5.3 million, or $0.11 per share. Excluding this non-cash interest charge, the second quarter 2000 was basically at breakeven.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement