ATEC Group corrects operating loss figure; $0.3 million sted $.03 million.--(BUSINESS WIRE)--Aug. 6, 1996-- In BW1153, (ATEC ATEC Army Test and Evaluation Command (US Army; formerly OPTEC, Operational Test & Evaluation Command) ATEC Australian Tourism Export Council ATEC Advanced Technologies (Hamburg, Germany) ) ATEC Group Expects to Report Record Sales & Earnings for Fourth Quarter/Year End, third graph, last line should read xxx operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. of $0.3 million (sted $.03 million). The corrected sentence follows: ATEC expects to report sales in excess of $80 million for its fiscal year ended June 30, 1996, compared to sales of $47 million in 1995 and operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. in excess of $1.2 million for 1996 compared to an operating loss of $0.3 million in fiscal 1995 (a). CONTACT: ATEC Group Inc., East Northport Seema Wasil, 516/462-2832 or Porter, LeVay & Rose Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Marilynn Meek, 212/564-4700 |
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