Congoleum credits price hikes & increased volume for `05 growth
Congoleum Corp. said higher prices and increased volume helped elevate its first quarter sales by 10.8 percent this year. For the three months ended March 31 sales reached $57.6 million, compared with $52 million for the first quarter of 2004. The company said its net loss for the quarter was $352,000 versus $435,000 in the first quarter of 2004. The net loss per share was $.04 in the first quarter of 2005 compared with $.05 per share in 2004.