DDL TURNS AROUND ITS FISCAL SHIP; COMPANY GOES FROM LOSS TO PROFIT IN YEAR.Byline: Enrique Rivero Daily News Staff Writer In a sign that DDL (1) (Data Description Language) A language used to define data and their relationships to other data. It is used to create the data structure in a database. Major database management systems (DBMSs) use a SQL data description language. Electronics Inc. might have finally turned its fiscal ship around, the Newbury Park company reported net income of $129,000, or 1 cent per share, in the first quarter ended in September, compared with a $725,000 loss in the year-ago period. Though the electronics assembler Software that translates assembly language into machine language. Contrast with compiler, which is used to translate a high-level language, such as COBOL or C, into assembly language first and then into machine language. had reported net profits in some recent quarters, this was the first time since March 1995 that quarterly earnings were a result of operations rather than from one-time gains such as divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). or debt settlements, Chief Financial Officer Rick Vitelle said. It was also the third consecutive quarter of operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. after operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. in 31 of the 32 previous quarters, he said. And despite an overall $1.7 million net loss, the company ended fiscal 1997 with its first annual operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. in nearly a decade, officials said. ``We believe it's the beginning of a continuing trend,'' Vitelle said of the latest quarterly figures. ``We don't believe it's an aberration or temporary condition.'' Since 1989, the 38-year-old company has been undergoing a ``drastic restructuring effort,'' Vitelle said. Among its moves, DDL has sold or shut down some operating units and restructured some debts, he said. Revenues for the quarter just ended were $12.6 million, up 27 percent over $9.9 million for the like period last year. DDL's income from operations for the quarter was $456,000 vs. last year's $362,000 loss. While the company ended fiscal 1997 about $1.7 million in the red compared with the prior year's $1.6 million net income, the year's income from operations alone was $118,000, up from a loss of $1.2 million the year before. From fiscal 1989 to 1997, DDL lost nearly $68 million from operations, Vitelle said. By the end of trading Tuesday, DDL's stock remained unchanged at 15/16. |
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