CANTON, Mass. (April 8)—Plymouth Rubber Co. Inc. posted better results for its first quarter, with higher sales and a loss that was 42 percent lower than the year-earlier quarter.
The net loss of $797,000 for the quarter ended Feb. 27 compared with a shortfall of $1.38 million in 2003. Sales rose 9 percent to $14.8 million.
"We continue to plan higher sales for the remainder of 2004, which should produce considerable further improvement," said President and co-CEO Maurice J. Hamilburg. "Our goal is to return Plymouth to profitability in 2004."