Sales Increase Can’T Keep Timberland From Posting Another Loss

2010-08-06T00:00:00

Timberland has reported a second-quarter sales increase of 5.1 percent to $189.0 million. However, it had a net loss of $23.5 million, worse than its loss of $19.2 million last year. This year’s figure includes a $13.2 million non-cash, pre-tax charge for the impairment of certain goodwill and intangible assets. ...

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