Shermag 4Q sales drop 29.2%. but loss shrinks

Knell, Michael J.
June 2007
Furniture/Today;6/18/2007, Vol. 31 Issue 40, p46
Trade Publication
The article reports that furniture maker Shermag Inc. has posted drop in its fourth quarter sales and recorded a 29.2% drop in its revenues in the same quarter. Consequently, the company announced that it would continue to restructure, shed expenses at home and shift more production to Asia. In its fourth quarter, which ended on March 30, 2007, revenues came to 32.6 million Canadian dollar, compared with the 46 million Canadian dollar in 2006.


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