USA: Disposable Apparel Firm Sees Record Year
Leading producer of disposable and limited-use protective apparel products for the medical, dental and food service industries, Alpha Pro Tech Ltd, posted flat sales and a slide in pre-tax profits on Tuesday.
The Arizona-based company said full-year sales remained flat at around $21.3 million but net income fell 46 per cent to $786,000, or three cents a diluted share, compared to $1.4m, or six cents a diluted share, for the year ended December 31, 2000.
Alpha Pro Tech president, Al Millar, commented: "Sales in 2001 were greatly impacted by the recessionary conditions, the events of September 11th and the dramatic impact those events had on the industries that Alpha Pro Tech services.
"Through August 2001, the company's sales were out pacing 2000 sales by 10.8 per cent. Orders booked in 2002 have returned to normal levels and management expects 2002 to be a record year for the company."
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