Glaston Releases First Half-Year 2012 Report
August 8, 2012

Glaston Corp. has reported that its orders received from January to June have totaled $75.5 million U.S. dollars ($66 million Euros) and $36.7 million for the second quarter.

Consolidated net sales for January-June totaled $75.9 million, while second-quarter net sales were $41.6 million.

Glaston's operating result for January-June was a loss of 0.4 million, representing a decrease of 0.5 percent in its net sales. The second-quarter operating result showed a loss of 1.3 million.

"Owing to global economic uncertainty, market conditions remained challenging," says president and CEO Arto Metsänen. "Despite the difficult operating environment, Glaston managed to maintain its market position."

Company officials report that they expect the company's 2012 net sales to be at least at the 2011 level and that the operating result excluding non-recurring items will be positive.


Subscribe to USGlass magazine.
Subscribe to receive the free e-newsletter.