09:57 AM EST - Glendale International Corp. : reported a wider net loss for its fourth quarter, hurt by restructuring charges as well as lower sales. The company noted that the loss was primarily the result of a significant decline in demand for its recreational vehicle products due to several negative economic factors.
Fourth-quarter net loss was $3.90 million or $0.42 per share, compared to a net loss of $1.98 million or $0.13 per share last year. Excluding prior year's income from discontinued operations, net loss from continuing operations of $3.90 million or $0.42 per share widened from last year's net loss of $2.49 million or $0.20 per share. Glendale International Corp.
shares T.GIN are trading even at $0.30.
