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Atlas Engineered Products Posts Narrower Q2 Loss

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Atlas Engineered Products (AEP.V) said Tuesday that second-quarter net loss was nil per share, compared with $0.01 per share, in the prior year period.

The company, which manufactures engineered wood products, said second-quarter revenue increased 19% to $16.2 million, from $13.7 million, over the same period. Atlas said the higher sales was due to an expanded sales team for market growth, and the acquisitions of Truss-Worthy and Penn-Truss.

Atlas Engineered shares were last seen down C$0.04, to C$0.58, on the TSX Venture Exchange.

Price: $0.65, Change: $-0.04, Percent Change: -5.80%

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