CTI sales drop 7.7 percent in 2Q
LAKE BARRINGTON — CTI Industries Corporation a manufacturer and marketer of flexible packaging and storage products, laminated films and novelty balloons, announced sales decreased 7.7 percent for the second quarter 2011.
Consolidated net sales for the second quarter of 2011 were $11.9 million, compared to consolidated net sales of $12.9 million for the second quarter of 2010, a decrease of 7.7 percent.
For the six month period ended June 30, consolidated net sales were $24,6 million compared to $25.4 million for the same period in 2010, a decrease of 2.8 percent.
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