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ATLANTIC RESTAURANT VENTURES, INC. REPORTS FISCAL 1992 RESULTS

 ATLANTIC RESTAURANT VENTURES, INC. REPORTS FISCAL 1992 RESULTS
 DANVERS, Mass., Sept. 16 /PRNewswire/ -- Atlantic Restaurant Ventures, Inc. reported a loss for the year ended June 28, 1992, or $23,355, or less than 1 cent per share, on revenues of $11,110,017, compared to a loss of $411,370, or 8 cents per share, on revenues of $11,377,943 for the year ended June 30, 1991. The 1991 loss was net of a $125,365, or 2 cents per share, cumulative benefit derived from an accounting change.
 For the fourth fiscal quarter, the company reported a net income of $179,604, or 4 cents per share, on revenues of $3,012,786. The company reported a loss of $93,310, or 2 cents per share, on revenues of $2,912,837 for the corresponding quarter last year.
 -0- 9/16/92
 /CONTACT: Ernest V. Trigilio, 508-774-9115, for Atlantic Restaurant Ventures, Inc./ CO: Atlantic Restaurant Ventures, Inc. ST: Massachusetts IN: FOD SU: ERN


CH -- NE018 -- 0289 09/16/92 16:16 EDT
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Publication:PR Newswire
Date:Sep 16, 1992
Words:173
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