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Polyair Inter Pack Inc.

11:51 AM EST - Polyair Inter Pack Inc. : reported second quarter net income of $149,000 U.S. or breakeven per share, compared to a loss of $1.61 million U.S. or $0.23 U.S. per share in the same quarter of last year. Sales for the quarter were $21.28 million U.S., compared to $28.80 million U.S. in the prior-year quarter. For the six month period, the company said its net loss was $967,000 U.S. or $0.02 U.S. per share, compared to a loss of $2.27 million U.S. or $0.32 U.S. per share in the comparable period of last year. Sales for the period declined to $44.07 million U.S. from $56.03 million U.S. in the corresponding period of the prior year. Polyair Inter Pack Inc. shares T.PPK are trading even at $0.02.