Printer Friendly

ACTRADE INTERNATIONAL REPORTS RESULTS

 NEW YORK, May 11 /PRNewswire/ -- Actrade International, Ltd. (NASDAQ: ACRT), filed with the Securities and Exchange Commission its quarterly report for the nine months ended March 31, 1993. During this period total sales were reported at $7,643,360, as compared to $5,826,202 for the same period last year, with earnings of $0.04 per share for the first nine months of fiscal 1993 as compared to $0.03 for the same period last year. At March 31, 1993, total assets reached $4,469,892, as compared to $3,697,120 at June 30, 1992, the last fiscal year-end. Following is selected financial information as reported in its quarterly report on Form 10-Q:
 ACTRADE INTERNATIONAL, LTD.
 Summary Balance Sheet Data
 Period ended Nine months Year
 3/31/93 6/30/92
 Total current assets $4,314,957 $3,528,090
 Total assets 4,469,892 3,697,120
 Total current liabilities 2,974,067 2,005,135
 Deferred liabilities 54,433 380,250
 Total liabilities 2,974,067 2,385,385
 Retained earnings 362,103 178,013
 Total stockholders' equity 1,495,825 1,311,735
 Summary Operating Statement Data
 Nine months Year
 3/31/93 3/31/92 6/30/92
 Revenues from operations $7,643,360 $5,826,202 $8,067,581
 Cost of revenues 6,829,857 5,128,754 7,156,853
 Gross profit 813,503 697,448 910,728
 Selling, general and
 administrative expenses 627,595 566,500 804,730
 Income from operations 185,908 130,948 105,998
 Interest income 37,799 38,993 45,680
 Interest expense 23,309 41,562 55,912
 Net income 184,090 115,869 94,308
 Earnings per share 0.04 0.03 0.02
 -0- 5/11/93
 /CONTACT: Mr. Amos Aharoni, financial executive of Actrade International, Ltd., 212-563-1036/
 (ACRT)


CO: Actrade International, Ltd. ST: New York IN: SU: ERN

TS-OS -- NY002 -- 7042 05/11/93 12:00 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 11, 1993
Words:324
Previous Article:ANALYTICAL SURVEYS SIGNS $2.4 MILLION CONTRACT WITH CITY OF OMAHA
Next Article:NORTH EUROPEAN OIL ROYALTY TRUST REPORTS RESULTS
Topics:


Related Articles
ACQUISITION CAPABILITY CHANGES NAMES TO ACTRADE INTERNATIONAL
ACTRADE INTERNATIONAL REPORTS RESULTS
ACTRADE INTERNATIONAL REPORTS RESULTS
ACTRADE ANNOUNCES RECORD FISCAL YEAR REVENUES AND EARNINGS
/C O R R E C T I O N -- ACTRADE INTERNATIONAL/
ACTRADE INTERNATIONAL, LTD. REPORTS RECORD-BREAKING REVENUES FOR THE FIRST QUARTER FISCAL 1996
Actrade Revenues First Quarter Fiscal 1998 Up 164%; Three Month Net Income Up 267%, Earnings Per Share Up 140%, Actrade Capital Revenues Up 278%
Actrade Opens Two New Regional Offices - Perfect Markets for The Trade Acceptance Draft Program
Actrade Increases Credit Insurance to $10 Million; Increased Protection Supports Growth of Trade Acceptance Drafts
Actrade Starts 5 Million Dollar Buyback; Reflects Board's Belief that Stock is Undervalued

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters