Wahlco Revenue Down 16% in 1st Quarter

Wahlco Environmental Systems Inc., which makes air pollution control equipment as well as water purification and bottling systems, reported a first-quarter net loss of $810,000, or 5 cents a share, compared to a net loss of $517,000, or 3 cents a share, for the 1995 first quarter. Revenue declined 16% to $13.4 million from $15.9 million. The company attributed the loss for the 1996 quarter to lack of large utility contracts for its Flue Gas Conditioning Systems.