AMCOR Capital Corp. reports record 1995 annual earnings up 100%; revenues up a record 45%.COACHELLA Coachella can refer to:
APTO Advanced Power Technology Office APTO Asia Pacific Technical Operations ) today announced record-breaking Adj. 1. record-breaking - surpassing any previously established record; "a record-breaking high jump"; "record-breaking crowds" best - (superlative of `good') having the most positive qualities; "the best film of the year"; "the best solution"; "the best time for annual earnings for the year ending Aug. 31, 1995 of $.10 per share vs. $.05 per share for the nine months ending Aug. 31, 1994. -0- AMCOR Capital Corp. Fiscal Year Ending Aug. 31, 1995 1994 Revenues $11,586,000 $7,994,000 Net income $1,173,000 $638,000 Average shares (fully diluted) 10,331,288 11,748,469 Earnings per share $.10 $.05 Management reported that improved performance for 1995 was due mainly to a 20% increase in table grape Table grapes are grapes intended for consumption while they are fresh, as opposed to grapes grown for wine production, juice production, or for drying into raisins. Depending on the market for wine and table grapes, low quality wine may contain some grapes that could also be sold production. Gross revenue from crop sales and other farm income was $9.5 million in 1995 vs. $6.7 million in 1994. This increase included a 30% rise in production of proprietary table grapes which yields a higher profit margin to the company. In addition, a 61% increase in other sources of revenue and a 12% reduction in common stock issued and outstanding also helped boost performance. Shareholder equity increased approximately $900,000 to roughly $1.04 per share. AMCOR is a fully integrated agricultural company and a leading producer of domestic early harvest table grapes. For a current annual report or other information contact Barry Goverman, 617/341-1348, Shareholder Services, AMCOR, or News on Demand Fax Service, 1-800/336-2182. -0- Note to Editors: The foregoing is news relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc AMCOR Capital Corp. For more detailed information the reader is referred to the company's 10-K filed with the Securities and Exchange Commission. This does not constitute an offer to buy or sell securities by GeoMarketing or AMCOR Capital Corp. and is meant purely for informational purposes. CONTACT: AMCOR Capital Corp. Barry Goverman, 617/341-1348 |
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