Berger Holdings Ltd. reports earnings for the second quarter ended June 30, 1996 of 13 cents vs. a loss of 3 cents for the comparable quarter in 1995.PHILADELPHIA--(BUSINESS WIRE)--July 31, 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) reports earnings of $504,000 or 13 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 second quarter ending June 30, 1996 vs. a loss of ($109,000) or (3 cents) per share for the comparable 1995 quarter. Six months earnings were $466,000 or 13 cents per share vs. a loss of ($74,000) or (2 cents) for the comparable six months of 1995. Revenue increased 35% to $5,541,000 vs. $4,099,000 for the quarter and 12% to $9,152,000 vs. $8,147,000 for the six months. 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: "Management is very pleased that actual earnings exceeded our earlier estimate of 8 cents to 10 cents per share. These results are further confirmation that the increased marketing, additional product lines, and modernization the company has undertaken in recent years is increasing shareholder value." He further stated "Business continues to remain strong with net income expected to reach an all-time high for the month of July." 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 remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling and renovation market. CONTACT: Berger Holdings Ltd. Theodore A. 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. Michael Fearnow/John Loughran, 713/840-7500 |
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