Castle Energy announces 1996 earnings.RADNOR Radnor may refer to:
For the year ended Sept. 30, 1996, earnings from continuous operations consisted of $13,815,000 of pre-tax earnings and a tax benefit of $11,259,000. For the fiscal year ended Sept. 30, 1995, earnings from continuous operations consisted of pre-tax earnings of $11,783,000 and a tax provision of $37,823,000. In fiscal 1995, there was also net income from discontinued dis·con·tin·ue v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar operations of $40,937,000. For the quarter ended Sept. 30, 1996, earnings were $12,630,000 ($1.88 per share) versus $2,650,000 (39 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 corresponding period in 1995. The Company recently entered into a $25 million credit facility with a syndicate Syndicate organized crime unit throughout major cities of the United States. [Am. Hist.: NCE, 2018] See : Gangsterism of banks and anticipates drilling of its undeveloped Texas acreage in the near future. The Company, through its various subsidiaries, owns a gas sales contract Sales Contract Contract between a seller and buyer for the sale of goods, services, or both. with Lone Star Lone Star (or Lonestar) may refer to:
adj. Relating to or existing within the boundaries of a state. Adj. 1. intrastate - relating to or existing within the boundaries of a state; "intrastate as well as interstate commerce" pipeline in Rusk County, Texas Rusk County is a county located in the U.S. state of Texas. Originally a part of Nacogdoches County, Rusk was established as its own county by the Congress of the Republic of Texas on January 16, 1843. In 2000, its population was 47,372. and related gas contracts and interests. The Company also owns interests in over 425 wells and is the operator of approximately 350 wells throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . -0-
Castle Energy Corp.
12 Months Ended Sept. 30,
1996 1995
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Revenues $68,695,000 $79,599,000
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Net income (loss) - continuing operations $25,074,000 ($26,040,000)
Net income - discontinued operations -- $40,937,000
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Net income $25,074,000 $14,897,000
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Average shares 6,719,000 6,768,000
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Share earnings (loss):
Continuing operations $ 3.73 ($ 3.84)
Discontinued operations -- $ 6.04
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$ 3.73 $ 2.20
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Three months ended Sept. 30,
1996 1995
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(unaudited) (unaudited)
Revenues $11,613,000 $13,504,000
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Net income (loss) - continuing operations $12,630,000 ($ 2,464,000)
Net income - discontinued operations -- $5,114,000
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Net income $12,630,000 $ 2,650,000
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Average shares 6,723,000 6,724,000
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Share earnings (loss):
Continuing operations $ 1.88 ($ .37)
Discontinued operations -- $ .76
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$ 1.88 $ .39
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-0- (a) Castle Energy Corp. is not affiliated with Castle Oil Corp. CONTACT: Castle Energy Corp., Radnor Joseph L. Castle II, 610/995-9400 |
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