Tyre Pressure Monitoring Company In 3Q Loss

Canadian-based SmarTire Systems has announced a third quarter (ended 30th April) loss of CAN$ 2.1 million. This represents a net loss per share of $0.

14 compared to a net income of CAN$9.6 million and a gain of $0.64 per share for the same period in 2000.

SmarTire explain that the gain in 2000 was due to a CAN$12.2 million sale of investments, and that revenue for the 2001 third quarter stood 14% higher than in 2000, at CAN$265,463..