Champions Sports Inc. reports profit for tenth consecutive quarter.ARLINGTON Arlington, county, United States Arlington, county (1990 pop. 170,936), N Va., across the Potomac River from Washington, D.C. Arlington is a residential and commercial suburb of Washington. , Va.--(BUSINESS WIRE)--Dec. 16, 1996--Champions Sports Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Symbol - CSBR CSBR Center for Sustainable Building Research ), owner and licensor of CHAMPIONS Sports Bar Restaurants, Monday Monday: see week. reported net income of $20,040 or $0.00 per share for the quarter ended Oct. 31, 1996 compared to a net income of $11,632 or $0.00 per share for the quarter ended Oct. 31, 1995. For the six months ended Oct. 31, 1996 the net income was $49,824 compared to a net income of $43,308 for the six months ended Oct. 31, 1995. -0-
Selected Financial Data
-----------------------
Three months Ended Six months ended
Oct. 31 Oct. 31
1996 1995 1996 1995
---- ---- ---- ----
Total revenues $ 520,338 $ 544,932 $1,060,090 $1,107,443
Net income $ 20,040 $ 11,632 $ 49,824 $ 43,308
Earnings per common
share $0.00 $0.00 $0.01 $0.01
Earnings per common
share -- assuming
full dilution $0.00 $0.00 $0.00 $0.00
-0- Champions Sports Inc. is the owner and licensor of 18 CHAMPIONS Sports Bar Restaurants. Of the 18 locations, 16 are in Marriott Marriott has several meanings:
CONTACT: Champions Sports Inc., McLean McLean, city (1990 pop. 38,168), Fairfax co., N Va., a suburb of Washington, D.C. Manufacturing includes foods, satellite components, and computer and telecommunications equipment. James Martell, 703/526-0400 |
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