EDMONTON, Alta. – Slumping oilpatch and forestry industries and higher costs both seemed to contribute to McCoy Bros.’ $2-million loss in 1999.
The truck parts and service supplier collected $64.9 million in revenue, a drop from $67.8 million in 1998, when its net income was $1.6 million.
To add to the costs, McCoy bought a 67-per-cent stake in Renn Manufacturing, which makes aggregate trailers in Stettler, Alta.
Have your say
We won't publish or share your data