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Mexican Restaurants posts loss in 2Q

HOUSTON Mexican Restaurants Inc., parent to the Case Ole, Mission Burrito and other concepts, said the dismal economy and the effects of swine flu hurt its same-store sales and profit in the second quarter.

For the quarter ended June 28, Mexican Restaurants reported a net loss of $207,937, or 6 cents a share, compared to net income of $359,059, or 11 cents a share, in the same quarter a year ago. Revenue in the latest quarter fell 3.4 percent to $18.1 million.

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