04:01 PM EST - Norwall Group Inc. : announced today its financial results for the six months ended June 30, 2010. Sales for the second quarter of 2010 were $7,235,000, down $5,848,000 or 44.7% as compared to the same period in the previous year. The loss of two major customers accounted for $2,348,000 (17.9%) of the decline and the appreciation of the Canadian dollar accounted for a further $1,506,000 (11.5%). The second quarter's net loss was $2,167,000 or $(0.30) per share as compared to the net loss of $2,518,000 or $(0.35) for the comparable period last year. The Company continues to maintain a positive working capital of $4,239,000 at the end of the quarter of 2010 as compared to $6,087,000 at year end. Norwall Group Inc.
shares T.NGI are trading even at $0.80.
