Concert Industries - Quarterly Results May 31, 1996.VANCOUVER, British Columbia--(BUSINESS WIRE)--June 17, 1996--CONCERT INDUSTRIES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability (ME, VSE See DOS/VSE. VSE - Virtual Storage Extended : CNG CNG Compressed Natural Gas CNG Calling (Tone) CNG Comfort Noise Generation CNG Cryptography Next Generation (Microsoft Windows Vista) CNG Centre National de Génotypage ). The Company is pleased to announce that sales for its first quarter Ended May 31, 1996 reached a new record high of $1,754,543 an increase of 32 percent from the first quarter of 1995 sales of $1,333,134. Contribution to fixed costs fixed costs, n.pl the costs that do not change to meet fluctuations in enrollment or in use of services (e.g., salaries, rent, business license fees, and depreciation). was $595,723 a margin of 34 percent compared to a contribution of $232,114 and a margin of 18 percent in 1995. The increased sales are due to a broadening of the Company's customer base both in terms of geography and market segments, as well as the introduction of a new super absorbent core product used in the adult incontinence market. The net operating loss for the period was $34,884 compared to $454,752 for 1995 and after expensing business development costs for the Company's proposed expansion in Europe, the net loss for the period was $163,459 compared to a net loss of $786,840 for the first quarter of 1995. The cash loss from operations for the quarter was $27,089 compared to $668,398 for the first quarter of 1995. On behalf of the Board of Directors Dieter Peter President and C.E.O. The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT: Concert Industries Ltd. 604/681-1008 |
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