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ConMat Technologies, Inc. Mid-Year Results

  • Friday, 18th August 2000
  • Reading time: about 2 minutes

ConMat Technologies, Inc announced results for the six months ended June 30, 2000. Sales for the six months ended June 30, 2000 were slightly increased to $6.03 million from $5.99 million in the prior year. ConMat’s booked order backlog as of June 30, 2000 was $7.0 million as compared to $6.0 million on June 30, 1999 representing an increase of 15%. Income before income taxes decreased to $143,629 for the quarter ending June 3, 2000 from $221,281 for the quarter ended June 30, 1999. The decrease in income before income taxes reflects one-time expenditures associated with developing the company’s e-business platform, the establishment of a South American sales office and recent management actions that have resulted in improved cash flow. Net income for the six months was $73,429, compared to $140,981 in the prior year. ConMat Technologies, Inc. d/b/a is an e-business platform designed to facilitate the conversion of its portfolio of products into fully integrated e-business operations through the application of digital technologies. ConMat’s wholly-owned subsidiary, the Polychem Corporation is engaged in the development and manufacture of proprietary custom-engineered plastics and composite products for industrial end users with a special emphasis on the wastewater treatment marketplace. Further information about ConMat and its subsidiary can be obtained via current and past reports on forms 10-KSB and 10-QSB as well as the Company’s websites which can be found at

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