Scott’s Liquid Gold Inc. a developer, manufacturer and marketer of household and skin care products has released its operating results for the first quarter of 2008.
Net sales were $4,093,800 for the three months ended March 31, 2008 compared with net sales of $3,861,800 in the first quarter of 2007. The company reported a net loss of $454,200 in the most recent quarter, versus a net loss of $746,200 in the three months ended March 31, 2007.
In response to the results, Mark E. Goldstein, Chairman of the Board and Chief Executive Officer of Scott’s Liquid Gold, commented, “During the first quarter of 2008, we experienced an overall increase in net sales and a decrease in our net loss as compared to the first quarter of 2007. The decrease in our loss for the first quarter of 2008 compared to the first quarter of 2007 resulted from a reduction in our sales promotion expenses which are deducted from gross sales.”
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