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Burke Mills Inc declares Q2 results
18 Aug '05
1 min read
North Carolina based Burke Mills Inc reports operating results for the thirteen weeks and twenty-six weeks ended July 2, 2005.
Net sales for the thirteen weeks ending July 2, 2005 decreased by 2.0 percent to $6,579,000 compared to $6,710,000 for the second quarter of 2004.
The Company recorded a net loss of ($659,000) for the thirteen-week period compared to a net loss of ($84,000) for the same period in 2004. This resulted in a net loss per share of ($.24) compared to net loss of ($.03) in 2004.
Click here for the twenty-six week period ending July 2, 2005
Burke Mills was founded in 1948. When Frank Gaddy and Leon Guigou opened the first dyehouse in a 1200 square foot warehouse just outside Valdese, North Carolina. It began with eight employees and a capacity of 500 pounds per week. The business grew quickly and within two years Burke Mills was dyeing polyester, rayon and acetate wrap yarn.
Net sales for the thirteen weeks ending July 2, 2005 decreased by 2.0 percent to $6,579,000 compared to $6,710,000 for the second quarter of 2004.
The Company recorded a net loss of ($659,000) for the thirteen-week period compared to a net loss of ($84,000) for the same period in 2004. This resulted in a net loss per share of ($.24) compared to net loss of ($.03) in 2004.
Click here for the twenty-six week period ending July 2, 2005
Burke Mills was founded in 1948. When Frank Gaddy and Leon Guigou opened the first dyehouse in a 1200 square foot warehouse just outside Valdese, North Carolina. It began with eight employees and a capacity of 500 pounds per week. The business grew quickly and within two years Burke Mills was dyeing polyester, rayon and acetate wrap yarn.
Burke Mills Inc
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