McClain Industries Sees Fiscal Losses

McClain Industries Inc has announced its sales and a loss for the second quarter and six months ended March 31, 2001.

Sales for the second quarter ended March 31, 2001, were $24,748,635 compared with $38,334,080 for the same quarter a year earlier. The net loss for the quarter was $1,326,926, compared with net income of $799,614 for the quarter ending March 31, 2000. Sales for the six months ended March 31, 2001, were $45,836,321 compared with $67,926,698 for the six months ended March 31, 2000. The net loss for the six months ended March 31, 2001, was $2,449,790, compared with net income of $1,277,884 for the same period in the prior year.

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