Country Maid Foods Inc. Announces Record Year.AURORA Aurora, cities, United States Aurora (ərôr`ə, ô–). 1 City (1990 pop. 222,103), Adams and Arapahoe counties, N central Colo., a growing suburb on the east side of Denver; inc. 1903. , Mo.--(BUSINESS WIRE)--Sept. 9, 1997--Country Maid Foods Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CMFI CMFI Central Multiport Fuel Injection ) announced today that revenue for the fiscal year ended March 31, 1997, increased 52% to $5,715,711 from $3,772,678 in the same period a year ago. Net income increased dramatically on an accrued ac·crue v. ac·crued, ac·cru·ing, ac·crues v.intr. 1. To come to one as a gain, addition, or increment: interest accruing in my savings account. 2. basis showing a loss of $8,481 for the year compared to a loss of $321,643 a year ago. However, the auditors reported a cash basis profit of $248,667 for income tax purposes. The company attributed the increases to better cost controls and higher prices for its commercial egg production and egg products. "We are optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that the company can continue to improve its revenues and earnings in the years ahead," said Country Maid Foods Inc. President John C. Moneymaker. He also indicated that the company is pursuing other agricultural ventures to supplement the company's revenue and earnings base. CONTACT: Country Maid Foods Inc., Aurora John Moneymaker, 417/678-3511 or Alexis International Michael Zapara, 760/773-9227 |
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