Amcast 1st Quarter Results

Amcast Industrial Corp. has reported results for fiscal 2003 1st quarter. Sales were up 15 per cent at $155.

8 million (1Q 2001: $135.2 m). The net loss was $7.

2 million ($5.5 m). Adding the cumulative effect of an accounting change increased the net loss to $53.

7 million. North American Automotive sales were up 29 per cent while sales at Speedline in Europe rose 13 per cent. Operating expenses decreased by 2 per cent in the quarter, which Joseph R.