FiberCore Reports Record Q4
"It's been an exciting year for FiberCore, culminating in a record fourth quarter in both sales and earnings," commented Dr. Mohd Aslami, President and CEO. "As the only independent fiber supplier in the Western Hemisphere and Europe, we continue to see strong demand and growing backlog. At February 28, 2001, backlog, which is expected to ship over the next three years, was a record $265 million, up from $190 million at December 31, 2000 and under $13 million at the end of 1999. Approximately 66% of our current backlog is in take-or-pay contracts which gives us confidence in our expectation that sales will double in 2001 and profitability and cash flow will continue to improve."