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Including the results of discontinued operations, the net loss for the second quarter of 2008 was USD2.4m, as compared to net income for the second quarter of 2007 of USD0.6m. Net losses for the first six months of 2008 were USD1.6m, as compared with net income of USD1.5m in the first six months of 2007.
The company's results of operations for the quarter and six months ended 30 June 2008 were reportedly negatively impacted by losses incurred by its Space Vector Corporation subsidiary (SVC).
A plan to divest SVC was made by the board of directors of AAII in the second quarter of 2008. The results of the SVC are presented as discontinued operations for all periods reported in the company's Quarterly Report on Form 10-Q for the quarter ended 30 June 2008 filed with the US Securities and Exchange Commission.
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