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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.