PORTLAND, Ore., Oct. 8, 2010 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (Nasdaq:SMIT) today announced its operating results for the first quarter of Fiscal year 2011. Sales for the three months ended August 31, 2010 increased 96.6% to $2,404,467 compared to $1,223,234 for the same period last year. Net loss for the first quarter ended August 31, 2010 was $112,625, or $.04 per fully diluted share, compared to net loss of $574,997, or $.20 per fully diluted share, for the same period last year.
Schmitt Industries Announces First Quarter Of Fiscal 2011 Operating Results; Revenues Increase Significantly
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