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AEP Industries Inc.
AEP Industries Inc. Reports Fiscal 2008 Results
January 30th, 2009
AEP Industries Inc. (Nasdaq: AEPI, the "Company") reported financial results for its fiscal year ended October 31, 2008. Net sales for fiscal 2008 increased $95.9 million, or 14.4%, to $762.2 million from $666.3 million for fiscal 2007. The increase, which was primarily the result of a 13.9% increase in average selling prices positively affected net sales by $92.7 million. This increase was offset by a 0.2% decrease in sales volume which negatively affected net sales by $1.2 million. Fiscal 2008 also included $4.4 million of positive impact of foreign exchange relating to the Company's Canadian operations. Gross profit for fiscal 2008 decreased $42.4...
Source: Health Business Week (2009-01-30)
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