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Article Excerpt
Champion Parts, Inc. (BULLETIN BOARD: CREB) today reported net income for the fourth quarter ended Dec. 31, 2002 of $351,000, or $0.10 per share, compared to a net loss of $244,000, or $0.07 per share for the same period in 2001.
For the year 2002, the company reported net income of $367,000, or $0.10 per share, compared to $7,000, or $0.00 per share for the same period in 2001. Net sales increased 13% to $24,790,000, versus $21,936,000 for the comparable period in 2001.
"We are pleased with the results of our fourth quarter and the full year," said Jerry A. Bragiel,...
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