Amistar Corporation Announces Sales And Earnings.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 14, 1998--Amistar Corporation (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. ) today announced sales and earnings for the three months ending March 31, 1998. 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 ending March 31, 1998 were $5,306,000 as compared to $6,415,000 for the first quarter in 1997. Net income for the three months ended March 31, 1998 was $177,000 or $.05 per share as compared to a net income of $336,000 or $.10 per share for the first quarter in 1997. Per share figures are based on 3,236,500 shares outstanding in 1998 and 3,235,250 shares outstanding in 1997. -0-
Condensed Income Statements (Unaudited)
Three Months Ended
March 31,
1998 1997
Net Sales $5,306,000 $6,415,000
Cost of Sales 3,575,000 4,105,000
Gross Profit 1,731,000 2,310,000
Other Costs 1,462,000 1,786,000
Operating Profit 269,000 524,000
Non Operating Income (Expense) 3,000 37,000
Profit Before Tax 272,000 561,000
Tax Expense 95,000 225,000
Net Income $ 177,000 $ 336,000
Earnings per Share $ .05 $ .10
Average Number of Shares Outstanding 3,236,500 3,235,250
CONTACT: Amistar Corporation William William, crown prince of Germany William or Frederick William, 1882–1951, crown prince of Germany, son of William II. In World War I he commanded (1914) an army on the Western Front and was nominal commander in the German attack W. Holl Notable people whose surname is or was Holl include:
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