Higher energy costs, production losses leave Wise Metals in red
Nov 15, 2005 | 10:39 AM
| Michael Marley
Higher natural gas costs and production losses sent Wise Metals Group LLC spiraling into the red in the third quarter.
WISE METALS GROUP LLC(in thousands) 200520043rd qtr. ended Sept. 30Net sales$203,663$192,140Net income(10,465)19 months ended Sept. 30Net sales656,378$587,309Net income(11,208)(16,304)The Baltimore-based aluminum beverage can recycler and can sheet producer posted a net loss of nearly $10.5 million in contrast to a slight profit in the same period last year despite a 6-percent increase in sales to $203.7 million.....
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