Chromcraft Furniture Reports Loss Of Over Two Million Dollars

Posted by MCC on November 14th, 2007 at 08:18pm

Chromcraft Revington, a furniture manufacturer located in West Lafayette, Indiana has reported a net loss of 2.1 million dollars for the third quarter of 2007. Company officials stated that sales were down by 20% when compared to the previous year at this time.

In spite of the losses for the company officials claim that their debts are paid up and they have a cash balance of just over 7.5 million dollars.

Chromcraft Furniture says it will continue to decrease it’s dependence on U.S. based manufacturers while increasing it’s use of foreign made products as a way to cut their losses.

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