Corporate Profile for Danka Business Systems PLC dated May 17, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0- Published date: May 17, 1996 Company name: Danka Business Systems PLC
Address: 11201 Danka Circle North
St. Petersburg, FL 33716
Telephone No.: 813/576-6003 Chief Executive Officer: Daniel M. Doyle Chief Financial Officer: David C. Snell Investor Relations Contact: Robin Cohan Business number: 813/578-6711 Trading symbol: DANKY Industry: Automated Office Equipment Company description: Danka Business Systems PLC is one of the largest independent suppliers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe of photocopiers, facsimiles, and related service, parts and supplies. Danka principally distributes the products of Canon, Konica, Minolta, Mita, Ricoh, Sharp, and Toshiba and recently signed a marketing agreement to sell and service Kodak high-volume copiers in 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. and Canada. Headquartered in St. Petersburg, Fla., Danka now has offices in 40 states, nine Canadian provinces and seven European countries. The company's revenues and profits have grown substantially in the past five years while providing equipment and services to an expanding customer base. Revenues have grown from $236 million in fiscal 1992 to a record $1.240 billion in fiscal 1996 (fiscal year ends March 31). Net earnings have increased from $4.6 million, or $0.11 per American Depositary Share American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. ("ADS") in fiscal 1992 to $51.6 million, or $1.00 per ADS in fiscal 1996, excluding the impact of non-recurring items. Non-recurring items in fiscal 1996 include an $8.5 million restructuring charge restructuring charge The expense of reorganizing a company's operations. A restructuring charge is an infrequent expense that generally results from asset writedowns or facility closings. related to expanded international operations and a $1.8 million charge for the early extinguishment of debt. Danka's ADSs trade on the Nasdaq National Market under the symbol "DANKY." For fiscal 1996, Danka's ADSs traded between a low of $22.50 to a high of $44.50. The close on May 3, 1996 was $48.13. CONTACT: Danka Business Systems PLC |
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