Financial News

Sico Posts 3.4% Gain in

August 9, 2005

l For the third quarter ended Sept. 28, Sico, Inc. posted net earnings of $3.19 million, up 3.4% over net earnings achieved during the same period in 2000. Sales also rose 3.4% to $56.6 million, due mainly to the contribution generated by business acquired from Chemcraft International, Inc. in Dec. 2000.
For the nine-month period ended Sept. 28, Sico achieved year-to-date net earnings of $8.49 million, up 12.9% over net earnings recorded for the corresponding period in 2000. Sales rose by 5.8 percent to total $179.3 million.

l The Jotun group recorded sales of $467.4 million for the first eight months of the year, up $44.2 million from the same period last year. The group’s profit on ordinary activities before tax rose from $30.48 million to $40.12 million.

l Flamemaster Corporation announced that for its fourth quarter ended Sept. 30, net sales rose more than 40% to $1.2 million from $852,000 in the previous year’s quarter. For the month of Oct. 2001, the company’s first month of fiscal 2002, net sales rose approximately 40% over the same month a year earlier. The company attributed the