Amistar Corp. announces financial results.SAN MARCOS San Marcos (săn mär`kəs). 1 City (1990 pop. 38,974), San Diego co., S Calif., a northern suburb of San Diego; settled 1880s, inc. 1963. , Calif.--(BUSINESS WIRE)--April 16, 1997--Amistar Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AMTA AMTA American Music Therapy Association. AMTA, n See American Music Therapy Association. ) Wednesday Wednesday: see week. announced sales and earnings for the three months ended March 31, 1997. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the three months ended March 31, 1997 were $6,415,000 as compared to $4,873,000 for the first quarter in 1996. Net income for the three months ended March 31, 1997 was $336,000 or 10 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. as compared with a net income of $200,000 or 6 cents per share for the first quarter in 1996. Per share figures are based on 3,235,250 shares outstanding in 1997 and 3,228,250 shares outstanding in 1996. -0-
Amistar Corp.
Condensed Income Statements
(unaudited)
Three Months Ended
March 31,
1997 1996
Net Sales $6,415,000 $4,873,000
Cost of Sales 4,105,000 3,058,000
Gross Profit 2,310,000 1,815,000
Other Costs 1,786,000 1,474,000
Operating Profit 524,000 341,000
Non Operating Income (Expense) 37,000 (9,000)
Profit Before Tax 561,000 332,000
Tax Expense 225,000 132,000
Net Income $ 336,000 $ 200,000
Earnings per share 10 cents 6 cents
Average Number of Shares
Outstanding 3,235,250 3,228,250
CONTACT: Amistar Corp., San Marcos William W. Holl, 760/471-1700 |
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