AERT Reports Second Quarter Earnings

 

Advanced Environmental Recycling Technologies Inc. announced net sales and net income for the second quarter. Net sales for the quarter were $16,162,575, which represented an increase of 60.2 percent over the $10,086,456 sales reported for the second quarter of 2003.

 

Net income for the quarter was $857,142. This was a decrease from the $2,392,257 net income reported for the second quarter of 2003. Net income for second quarter 2003, however, included an extraordinary gain of $1,878,221 related to an insurance settlement for an accidental fire at the company's Junction, Texas facility last March.