Business Services Industry
Advanced Environmental Recycling Technologies, Inc., reports financial results
Business Wire, March 31, 1995
SPRINGDALE, Ark.--(BUSINESS WIRE)--March 31, 1995--Advanced Environmental Recycling Technologies, Inc. (NASDAQ:AERTA, AERTZ) announced today results of operations for the year ended December 31, 1994.
The Company reported sales of $3,675,018 which represents an 80% increase in sales from 1993. This increase in sales, in addition to an extraordinary gain of $879,373 previously reported for the first quarter of 1994, has resulted in a reduction in the net loss from $3,692,773 or $.34 per share, in 1993 to $2,090,762,or $.15 per share, in 1994.
CONTACT: Advanced Environmental Recycling Technologies, Springdale
David Chapman, 501/750-1299
COPYRIGHT 1995 Business Wire
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