Message Font: Serif | Sans-Serif
No. of 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.
Print the post  


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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.