Kährs Group, the Swedish parent company of Kahrs International Inc., lost $1.72 million in the third quarter of 2015.
The company’s profit was negatively impacted by refinancing costs of $6.09 million.
However, net sales totaled $79.26 million, a 10 percent year-over-year increase. Operating income increased to $8.97 million from $7.63 million during the same period last year.
Hardwood flooring sales, which accounted for 86 percent of all sales in the third quarter, increased 10 percent year-over-year to $68.45 million.
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