Polyphalt Inc. reported results for the fiscal year ending December 31, 2001. Polyphalt's revenues for the year grew to $9.4 million, an increase of approximately $7.5 million over the prior fiscal year, the nine-month period ending December 31, 2001.
The company recorded a loss for the year of $2.1 million versus a loss of $0.4 million for the prior fiscal year.
Polyphalt's Annual General Meeting will be held on June 12, 2002 in Toronto and it will release the formal notice and other materials, including its Annual Report to Shareholders, on or before May 8, 2002.