Printer Friendly

CONSOLIDATED FIBRES ANNOUNCES FIRST QUARTER EARNINGS

       CONSOLIDATED FIBRES ANNOUNCES FIRST QUARTER EARNINGS
    CHICAGO, Nov. 13 /PRNewswire/ -- Consolidated Fibres Inc. (NASD: CFIB) today reported its results for the three-month period ended Sept. 29, 1991, compared to the three-month period ended Sept. 30, 1990, as follows (amounts in thousands except per share amounts):
                   CONSOLIDATED FIBRES INC.
     Three Months Ended        Sept. 29, 1991     Sept. 30, 1990
    Net sales                    $ 7,577            $ 10,389
    Less: Cost of sales           (5,630)             (7,768)
                  Gross margin     1,947               2,621
    Selling, general and
     administrative expenses      (1,569)             (1,856)
    Interest expense                (128)               (218)
    Interest income                  101                   6
    Other income                     (26)               (110)
    Income before income taxes
     and extraordinary item          325                 443
    Income tax (expense)            (137)               (182)
      Net income before
       extraordinary item            188                 261
    Extraordinary item                --                  55
    NET INCOME                   $   188            $    316
    PER COMMON SHARE:
    Income before extraord. item    $.09                $.13
    Extraordinary item                --                 .03
    Net income                      $.09                $.16
    The extraordinary item represents the utilization of tax benefits of net operating carryforwards in the first quarter of fiscal 1990.
    Fiscal 1990 results include the operations of Form-Fit, Inc., which was sold in April 1991.
    -0-          11/13/91
    /CONTACT:  Susan Obuchowski, 312-466-4010, for Consolidated Fibres/
    (CFIB) CO:  Consolidated Fibres Inc. ST:  Illinois IN: SU:  ERN FC -- NY062 -- 3996 11/13/91 13:38 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 13, 1991
Words:207
Previous Article:SERVICE CORPORATION INTERNATIONAL DECLARES THIRD QUARTER DIVIDEND
Next Article:EDS PCC AND BELL ATLANTIC MOBILE SYSTEMS ANNOUNCE JOINT OFFERING FOR WIRELESS CARRIERS; NEW SYSTEM IS DESIGNED AROUND THEIR BUSINESS NEEDS
Topics:


Related Articles
CONSOLIDATED FIBRES ANNOUNCES FIRST QUARTER EARNINGS
ELECTROMAGNETIC SCIENCES ANNOUNCES FIRST QUARTER 1992 FINANCIAL RESULTS
CONSOLIDATED FIBRES ANNOUNCES THIRD QUARTER EARNINGS
CONSOLIDATED FIBRES ANNOUNCES RESULTS FOR OPERATIONS FOR FISCAL 1992
CONSOLIDATED FIBRES ANNOUNCES FIRST QUARTER EARNINGS
HOUSTON INDUSTRIES ANNOUNCES EARNINGS
RHONE-POULENC ANNOUNCES 2ND QUARTER 1996 FINANCIAL RESULTS
HOUSTON INDUSTRIES ANNOUNCES 2Q 1996 EARNINGS
Rhone-Poulenc: 1997 Second Quarter Results
Rhone-Poulenc: 1997 Third Quarter Results

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters