ALPINE LACE BRANDS, INC. REPORTS ELEVEN FOLD INCREASE IN FIRST QUARTER NET INCOME.MAPLEWOOD Maplewood. 1 Village (1990 pop. 30,954), Ramsey co., SE Minn., a growing residential suburb of St. Paul; inc. 1957. 2 City (1990 pop. 9,962), St. Louis co., E Mo., a suburb of St. Louis; settled 1825, inc. 1908. , N.J.--(BUSINESS WIRE)--May 1, 1995--Alpine Lace Brands, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : LACE) today reported a significant increase in its earnings per share to $.20 for the first quarter ended March 31, 1995, compared with $.02 in the 1994 first quarter. Net income for the quarter totaled $1,028,117 or $.20 per share, compared with income in the first quarter of 1994 of $88,141, or $.02 per share. Sales for the quarter totaled $32,446,320, compared with sales of $31,007,551 in the 1994 first quarter. The sales include an increase of 9.7 percent to $25,343,584, in branded product sales. In announcing the results Carl T. Wolf, Chairman and Chief Executive Officer of Alpine ALPINE Antihypertensive Treatment and Lipid Profile in a North of Sweden Efficacy Evaluation (drug trial) ALPINE Advanced Logistics Program Integration and Engineering Lace said, "The substantial increase in earnings in the first quarter reflects the significant cost of goods benefits and stable operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. related to the reorganization of our business in 1994." Alpine Lace Brands, Inc. develops and markets a full line of low salt and low cholesterol cheeses, as well as a full line of fat free cheeses, all sold under the Alpine Lace(R) label. The Company's primary product lines provide nutritionally superior cheese products while meeting consumer demands concerning taste and product quality. Through its Marolf Dakota Farms Cheese, Inc. subsidiary, the Company converts and packages the Company's warehouse and club store cheeses as well as dairy case sliced cheeses. In addition, through MCT See Microsoft certification. Dairies, Inc., the Company engages in the cheese and dairy products dairy products dairy npl → produits laitier dairy products dairy npl → Milchprodukte pl, Molkereiprodukte pl commodity trading business. -0-
ALPINE LACE BRANDS, INC.
Financial Highlights
Three Months Ended March 31,
1995 1994
Net Sales $32,446,320 $31,007,551 Net Earnings 1,028,117 88,141 Earnings Per Share $.20 $.02 Average Number of Common Shares Outstanding 5,195,932 5,045,255 CONTACT: ALPINE LACE BRANDS, INC. Arthur Karmel (201) 378-8600 ext. 145 or KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Joseph A. Mansi/Adam Friedman (212) 682-6300 ext. 205/215 |
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