American United Global Inc. reports sales for the first quarter ended Oct. 31, 1995.DOWNEY, Calif.--(BUSINESS WIRE)--Dec. 15, 1995--American United Global 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 NMS See NetWare Management System. : AUGI AUGI Autodesk Users Group International AUGI Área Urbanas de Génese Ilegal (Portugal) AUGI Autodesk User Group International ) Friday announced the results of the first quarter of its 1996 fiscal year ended Oct. 31, 1995 reflecting sales of $32,831,000, an increase of 16.4% over the year earlier quarter ended Oct. 31, 1994 of $28,201,000. Income from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the before income taxes and minority interest grew to $1,587,000 for the current quarter ended Oct. 31, 1995, an increase of 11.4% when compared to the same quarter ended Oct. 31, 1994 of $1,424,000. Net income for the Oct. 31, 1995 quarter was $725,000 or 12 cents a share. The net income makes allowances for minority interest of $226,000, reflecting minority owners' equity owners' equity The owners' interest in the assets of a business. Owners' equity includes the amount invested by the owners plus the profits (or minus the losses) in the enterprise. Owners' equity and liabilities are used to finance a firm's assets. in the earnings of Western Power & Equipment. American United Global currently holds 56.6% of the common stock of Western Power & Equipment. Net income for the quarter ended Oct. 31, 1994 was $854,000 or 15 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . During the 1994 quarter Western Power & Equipment was a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of American United Global Inc. Weighted average numbers of shares at Oct. 31, 1995 was 5,901,000 compared with 5,700,000 at Oct. 31, 1994. -0-
Comparative Information
Three Months Ended
Oct. 31,
1995 1994
Net sales $32,831,000 $28,201,000
Cost of goods sold 28,217,000 24,226,000
Operating income 1,936,000 1,758,000
Income from continuing operations before
income taxes and minority interest 1,587,000 1,424,000
Net income available for
common shareholders $ 725,000 $ 854,000
Primary earnings common and
common equivalent shares:
Continuing operations $.12 $.15
Net income $.12 $.15
Weighted average number of shares 5,901,000 5,655,000
Fully diluted earnings per share $.12 $.15
Fully diluted shares outstanding 5,901,000 5,700,000
CONTACT: American United Global Inc. Robert M. Rubin/John M. Shahid/John M. Palumbo 310/862-8163 |
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