Printer Friendly

DANIELSON HOLDING POSTS NET INCOME OF $8.05 MILLION IN 1992

 NEW YORK, March 30 /PRNewswire/ -- Danielson Holding Corporation (AMEX: DHC) today reported net income of $8.05 million, or $.53 per share, on revenues of $88.44 million, for the year ended Dec. 31, 1992, compared with net income of $184,000, or $.01 per share, on revenues of $73.76 million, for the year ended Dec. 31, 1991. For the quarter ended Dec. 31, 1992, the company reported net income of $7.68 million, or $.50 per share, on revenues of $27.51 million, compared with a net loss for the fourth quarter of 1991 of $525,000, or $.04 per share, on revenues of $18.38 million.
 Results for both the fourth quarter of 1992 and the year ended Dec. 31, 1992, include an extraordinary gain from a contingent interest in a grantor trust administered by the California Insurance Commissioner which increased net income by $6.148 million. The 1992 year end, results include the sale of all of the stock of two of the company's former inactive insurance subsidiaries, one occurring during the fourth quarter of 1992, which netted an aggregate of approximately $700,000 of cash consideration.
 Danielson is an American Stock Exchange listed company, engaging in financial services businesses.
 -0- 3/30/93
 /CONTACT: C. Kirk Rhein Jr., president and chief executive officer of Danielson, 212-888-0347/
 (DHC)


CO: Danielson Holding Corporation ST: New York IN: FIN SU: ERN

GK-OS -- NY050 -- 1024 03/30/93 11:54 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 30, 1993
Words:242
Previous Article:CHANCELLOR ANNOUNCES FOURTH QUARTER AND FISCAL 1992 RESULTS
Next Article:THE TOPPS COMPANY, INC. ANNOUNCES YEAR END RESULTS AND DIVIDEND
Topics:


Related Articles
DANIELSON HOLDING CORP. REPORTS 1ST QUARTER EARNINGS
DANIELSON HOLDING CORP. REPORTS 3RD QUARTER EARNINGS
DANIELSON HOLDING CORP. ANNOUNCES 1994 EARNINGS
Danielson Holding Reports 3rd Quarter Earnings.
Danielson Holding Corporation Announces 1998 Earnings.
Danielson Holding Corp. Reports 2nd Quarter Earnings.
Danielson Holding Reports 3rd Quarter Earnings.
Danielson Holding Corp. Reports 1st Quarter Earnings.
Danielson Holding Corp. Reports 2nd Quarter Earnings.
Danielson Holding Corp. Reports 3rd Quarter Earnings.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters