Aep Jumps 13% Despite $4.7m Loss ; Plastics Firm Cites Cost Increases
The Record, Bergen County, NJ › September 10, 2008
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Summary
Shares of AEP Industries Inc. shot up by more than 13 percent Monday despite the fact the South Hackensack-based company swung from a $4.7 million profit to a $4.7 million loss in its third fiscal quarter ended July 31.
AEP, which makes plastic packaging films in North America and western Europe, reported the loss of 71 cents a share compared with a profit of 63 cents a share a year earlier despite a 19 percent increase in sales to $33.2 million.See the full content of this document
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Aep Jumps 13% Despite $4.7m Loss ; Plastics Firm Cites Cost Increases
The company attributed the loss largel...
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