BCT Announces Results for the 2nd Quarter, Sales Down 6%
Press release from the issuing company
FORT LAUDERDALE, Fla.--Oct. 5, 2001--BCT International, Inc., which through its paper products division and franchises operates the world's largest wholesale printing chain, today announced its results for the six months ended August 31, 2001.
For the six months ended August 31, 2001, revenues decreased 6% to $9.3 million, compared with revenues of $10.0 million in the first six months of the previous fiscal year. Net income decreased 67% to $276,000 or $.05 per diluted share versus net income of $842,000; or $.16 per diluted share, in the first six months of the previous fiscal year.
In the quarter ended August 31, 2001, the Company's revenues decreased 4.8% to $4.5 million, and net income totaled $209,000, or $.04 per diluted share. This compared with revenues of $4.8 million and net income of $346,000, or $.07 per diluted share, in the second quarter of the previous fiscal year.
BCT International, Inc. is a holding company which, through its paper products division and its Business Cards Tomorrow franchises, operates the world's largest wholesale printing chain. The Company is headquartered in Ft. Lauderdale, Florida and its common stock trades under the symbol "BCTI''.
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