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S.A.L. Limited Reports Half Year Earnings for the Period Ending 31 August, 2001
The Company reported net income of $1,324,345 ($4.96 per share) up from $1,206,871 ($4.33 per share) in 2000. Sales for the period increased to $9.45 million from $8.70 million in 2000.
In his report to shareholders, Mr. John R. Berg, President of the Company, noted that overall trading was up by 8.6% compared to last year. He noted that the increase was primarily associated with sales that were generated by the manufacturing division.