Clark Material Handling Company, the US arm of the Korean-owned forklift maker, has achieved net income for the third quarter, the fifth consecutive quarter it has done so.

While he would not reveal the actual figures, Clark president Brian Butler said "financially, the third quarter was our strongest quarter of 2004, both in net income and net cash flow."

The results showed double-digit increases in both revenues and net income, according to Butler.

Clark MHC, one of the world's oldest forklift manufacturers, filed for creditor protection under Chapter 11 of the US Bankruptcy Code in April 2000 with assets of USD349 million and debts of USD374 million.

The company emerged from bankruptcy protection in January last year after Young An Hat Co of Korea bought the company.