L'ISLET, QUE – Furnituremaker Amisco Industries Ltd. reported a third-quarter net loss of $22,817, reduced from last year’s $106,266, as sales fell 20.4% during the period. According to CanadaEast.com, net sales declined to $7.2 million from $9.1 million in the year-ago quarter, which was greatly impacted by a 28.1% loss in sales to the United States. Compounding the downfall was the surge of the Canadian dollar. Read more.
Have something to say? Share your thoughts with us in the comments below.