Berger Holdings Ltd. reports a 35% increase in revenue for the second quarter ended June 30, 1996.PHILADELPHIA--(BUSINESS WIRE)--July 2, 1996--Berger Holdings Ltd. (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 :BGRH) reported revenue of $5,538,000 for the quarter ending June 30, 1996 vs. $4,098,000 for the comparable 1995 quarter. For the six months revenue was $9,150,000 vs. $8,144,000. Joseph Weiderman, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , stated, "We expect to report earnings of 8 cents to 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. for the quarter vs. a loss of (3 cents) for the comparable 1995 quarter. Final figures should be released during the first two weeks of August." He further stated, "Management is very pleased with the progress being made by the company, which to a large extent, is the result of programs having been put in place over the last two years. We are confident that these programs will continue to produce favorable results for the company." Berger Holdings Ltd. is the parent company of Berger Building Products, founded in 1874, and is a manufacturer of roof drainage products and solid vinyl siding used primarily in the remodeling and renovation market. CONTACT: Berger Holdings Ltd., Philadelphia Ted Schwartz, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 215/355-1200 ext. 123 or Financial Public Relations Financial public relations Public relations division of a company charged with cultivating positive investor relations and proper disclosure information. Ltd., Houston Michael Fearnow/John Loughran, 713/840-7500 |
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