Besicorp Group announces third quarter '95 results.KINGSTON Kingston, city, Canada Kingston, city (1991 pop. 56,597), S Ont., Canada, on Lake Ontario, near the head of the St. Lawrence River and at the end of Rideau Canal from Ottawa. Kingston has probably the best harbor on the lake. , N.Y.--(BUSINESS WIRE)--Feb. 13, 1995--Besicorp Group Inc. (AMEX AMEX See: American Stock Exchange Emerging Company Marketplace - BGI BGI Barclays Global Investors BGI Bainbridge Graduate Institute BGI Bureau Gravimétrique International BGI Borland Graphic Interface (File Name Extension) BGI Bridgetown, Barbados - Grantley Adams International .EC), announced Monday Monday: see week. results for the three- and nine-month periods ended Dec. 31, 1994. These results, shown with the comparable periods from the prior fiscal year, are summarized as follows: -0-
Three Months Ended Dec. 31,
1994 1993
Revenues $1,866,288 $2,004,073 Net income (loss) (467,066) 162,991 Income (loss) per common share (.15) .05 Weighted number of shares outstanding (in thousands) 3,101 3,222
Nine Months Ended Dec. 31,
1994 1993
Revenues $5,396,500 $7,289,041 Net income (loss) (1,482,655) 881,691 Income (loss) per common share (.48) .27 Weighted number of shares outstanding (in thousands) 3,100 3,221 -0- According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. J. Daley, vice president and chief financial officer, "Due to the nature of the project development business, quarterly results of operations may fluctuate significantly. During the current three-month and nine-month periods, the company realized lower development fee and management fee revenues compared to the comparable periods last year. "The Company continues to invest in new projects and new technology development ventures, particularly in the solar electric (photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. or "PV") market. A significant portion of the costs of product and project development activities are expensed on a current basis." Besicorp specializes in the development of independent power projects and energy technologies. CONTACT: Besicorp Group, Kingston Patrice Courtney or Karen A. Keator, 914/336-7700 |
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