Prolong Reports a Loss and Decline in Sales

Prolong International Corp., an Irvine manufacturer and distributor of lubricant and automotive appearance products, posted a fourth-quarter net loss of $1.3 million, or 4 cents a share, compared with a net loss of $4.5 million, or 16 cents a share, for the like period last year. Sales declined 17% to $2.5 million.

For the year, the company recorded a net loss of $1.7 million, or 6 cents a share, compared with a 1999 net loss of $6.6 million, or 23 cents a share. Sales dropped 45% to $19.1 million.