Algo Group posts lower sales
For the fourth quarter, sales fell to $9.2 million from the $12.5 million reported for the same period in 2004. The company recorded a net loss of $4.6 million, compared with $2.1 million for the same quarter last year.
Sales for the twelve-month period were $50.5 million, compared with $61.5 million for the same period in 2004, a decrease of $11 million. The net loss for the period was $6.9 million, compared with a net loss of $4.8 million for the previous year.