Amistar Corporation Reports Sales and Earnings for Three and Twelve Months Ending Dec. 31, 1997.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)--Feb. 11, 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 and twelve months ending Dec. 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 ending Dec. 31, 1997 were $6,918,000 as compared to $7,173,000 for the like quarter in 1996. Net sales for the twelve months ending December December: see month. 31, 1997 were $22,840,000 as compared to $23,270,000 for 1996. Net income for the three months ended December 31, 1997 was $608,000 or $.19 per share as compared to a net income of $1,050,000 or $.32 per share for the fourth quarter in 1996. There was net income of $1,093,000 for the twelve months of 1997 or $.34 per share as compared to net income of $1,722,000 or $.53 per share for the like period in 1996. -0-
CONDENSED INCOME STATEMENT
THREE MONTHS TWELVE MONTHS
ENDED ENDED
Dec. 31, Dec. 31,
1997 1996 1997 1996
Net Sales $6,918,000 $7,173,000 $22,840,000 $23,270,000
Cost of Sales 4,357,000 4,401,000 14,738,000 14,634,000
Gross Profit 2,561,000 2,772,000 8,102,000 8,636,000
Other Costs 1,688,000 2,078,000 6,631,000 6,781,000
Operating Profit 873,000 694,000 1,471,000 1,855,000
Non Op. Inc(Exp) (7,000) 25,000 127,000 (16,000)
Profit before Tax 866,000 719,000 1,598,000 1,839,000
Tax Exp(Benefit) 258,000 (331,000) 505,000 117,000
Net Income $ 608,000 $1,050,000 $1,093,000 $ 1,722,000
Earnings per Share
(Basic) $0.19 $0.32 $0.34 $0.53
Earnings per Share
(Diluted) $0.19 $0.32 $0.34 $0.53
Shares Outstanding 3,236,500 3,228,250 3,236,500 3,228,250
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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