First Quarter Results From Amcast

Amcast, the automotive parts manufacturer (aluminium wheels), has reported results for its fiscal 2002 first quarter, which ended on December 2 last year. Sales were down 5 per cent compared with last year, at $131.2 million.

The net loss for the quarter was $5.5 million. Sales at Speedline, the company’s European operation, were up 9% on the previous year, benefiting from a strong vehicle market and favourable exchange rates.