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Baltek reports fourth quarter and year end results.


NORTHVALE, N.J.--(BUSINESS WIRE)--March 12, 1996--BALTEK CORP. (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
:BTEK) today announced results for the fourth quarter and year ended Dec. 31, 1995. -0-
                      Baltek Corporation
                      Operating Results


                     For the year ended         For the fourth quarter
                        December 31,                Ended Dec. 31,


                     1995           1994          1995          1994


Revenues          $45,783,629    $40,130,000   $12,100,947   $11,418,000


Net income        $ 1,962,253    $ 1,212,000   $   679,803   $   633,000


Net income
 per share              $0.78          $0.48         $0.27         $0.25


Shares
 outstanding        2,523,261      2,523,261     2,523,261     2,523,261
-0-




CONTACT: Baltek Corporation

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 J. Zeikowitz, 201/767-1400

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Strategic Growth International Inc.

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Publication:Business Wire
Date:Mar 12, 1996
Words:116
Previous Article:BRANDON ANNOUNCES QUARTERLY DIVIDEND.
Next Article:XiTec announces profitable first quarter.



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