Correcting...In the news release transmitted yesterday (April 29, 1997), an error occurred.WHITBY Whitby, town (1991 pop. 61,281), SE Ont., Canada, NE of Toronto, on Lake Ontario. It has a good harbor. The town's manufactures include tires and electronic equipment. , ONTARIO--(BUSINESS WIRE)--April 30, 1997-- --Income before taxes Per Share for three months to March 31, 1997 should read $(0.462) instead of $(0.312). The correct and complete version follows: Correction from Source: McGraw-Hill The McGraw-Hill Companies, Inc., (NYSE: MHP) is a publicly traded corporation headquartered in Rockefeller Center in New York City. Its primary areas of business are education, publishing, broadcasting, and financial and business services. Ryerson Limited - First Quarter Results-- McGraw-Hill Ryerson (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). MHR MHR (US, Australia) n abbr (= Member of the House of Representatives) → Abgeordnete(r) f(m) des Repräsentantenhauses .) -0-
Three Months to March 31, 1997 ($000) Year Ago
Revenue $ 7,724 $ 4,952
Other 134 267
-------- --------
Total $ 7,858 $ 5,219
Income before taxes (923) (1,383)
Per Share $(0.462) $ (0.693)
Net Income (507) (802)
Per Share $(0.254) $ (0.402)
Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the first quarter of 1997 increased by 56 percent over the previous year. This increase is largely due to the addition of several new imprints which occurred as a result of the acquisition of The Times Mirror Higher Education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. Group by The McGraw-Hill Companies in the fourth quarter of 1996. Sales increases were seen in all three of the Company's revenue divisions - College: 131 percent; School: 40 percent; and Trade, Professional and Medical - 22 percent. As a result of the increased sales, net loss for the period decreased by 37 percent to $0.5 million or 25.4 cent per share from $0.8 million or 40.1 cent per share for the same period last year. Management continues to be positive about the prospects for the balance of this year. McGraw-Hill Ryerson Limited is one of the foremost educational and trade book publishers in Canada. CONTACT: McGraw-Hill Ryerson Limited Gary A. Krikler, 905/430-5032 |
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