Exsorbet Industries Inc. reports record sales for second quarter June 30, 1995.MULBERRY mulberry, common name for the Moraceae, a family of deciduous or evergreen trees and shrubs, often climbing, mostly of pantropical distribution, and characterized by milky sap. Several genera bear edible fruit, e.g. , Ark.--(BUSINESS WIRE)--Aug. 14, 1995--Exsorbet Industries Inc. (BULLETIN BOARD: EXSO) announced net income of $323,059 or $.0406 per share for the quarter ended June June: see month. 30, 1995, compared with net income of $82,132 or $.0112 in the prior year quarter. Record revenues for the second quarter ended June 30, 1995, rose to $1,084,942 compared with $259,848 in the quarter ended June 30, 1994, for a 418% increase. "We are extremely pleased with our revenue and profit growth for this quarter, and we expect this growth trend to continue," said Floyd Floyd is a variant spelling of the Welsh name Lloyd, which means grey, and may refer to: Places
Exsorbet Industries Inc. reported total assets of $8,700,564 at June 30, 1995, while total assets were $3,480,482 in the year-earlier period. Total stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. increased from $2,565,705 in 1994 to $6,574,842 in 1995. Exsorbet Industries Inc. is a leading manufacturer of an organic peat based absorbent absorbent /ab·sor·bent/ (-sor´bent) 1. able to take in, or suck up and incorporate. 2. a tissue structure involved in absorption. 3. a substance that absorbs or promotes absorption. product. Its goal is to help eliminate environmental waste through the use of its natural organic products. CONTACT: Exsorbet Industries Inc., Mulberry Charles E. Chunn Jr., 501/649-8401 |
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