Printer Friendly

FREDA CORPORATION REPORTS GROSS REVENUES AND NET LOSS FOR THIRD QUARTER AND NET INCOME FOR NINE MONTH OF FISCAL 1992

 FREDA CORPORATION REPORTS GROSS REVENUES AND NET LOSS
 FOR THIRD QUARTER AND NET INCOME FOR NINE MONTH OF FISCAL 1992
 PHILADELPHIA, July 2 /PRNewswire/ -- Freda Corporation (OTC), a manufacturer of an extensive variety of delicatessen luncheon meats, marketed throughout the continental United States, today reported gross revenues and net loss for the third quarter and net income for the nine months ended May 30, 1992.
 Net loss for the 13 weeks ended May 30, 1992, was $4,782 or $.00 per share as compared with net income of $449,688 or $.15 per share for the 13 weeks ended June 1, 1991, on 1,807,800 average shares outstanding in both periods. Third quarter gross revenues amounted to $13,812,572, a decrease from $14,611,356 in the year earlier period.
 For the 39 weeks ended May 30, 1992, net income was $139,644 or $.08 per share as compared with $957,307 or $.53 per share in the comparable 39 week period ended June 1, 1991, on 1,807,800 average shares outstanding in both periods. Gross revenues amounted to $40,703,274 as compared with $43,942,145 in the year earlier period.
 The company's stock is traded over-the-counter.
 FREDA CORPORATION
 (Unaudited)
 Three months (13 weeks) ended May 30, 1992 June 1, 1991
 Gross revenues $13,812,572 $14,611,356
 Income (loss) before taxes (4,782) 449,688
 Provision (benefit) for income taxes (2,932) 174,811
 Net income (loss) after taxes (1,850) 274,877
 Earnings (loss) per share $.00 $.15
 Average shares outstanding 1,807,800 1,807,800
 Nine months (39 weeks) ended May 30, 1992 June 1, 1991
 Gross revenues $40,703,274 $43,942,145
 Income before taxes 230,833 1,554,478
 Provision for income taxes 91,189 597,171
 Net income after taxes 139,644 957,307
 Earnings per share $.08 $.53
 Average shares outstanding 1,807,800 1,807,800
 /delval/
 -0- 7/2/92
 /CONTACT: Michael Allen of Freda, 215-336-6300/ CO: Freda Corporation ST: Pennsylvania IN: FOD SU: ERN


JS-CC -- PH030 -- 6343 07/02/92 16:51 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 2, 1992
Words:351
Previous Article:MASTERCARD TUNES IN CHICAGO'S YOUTH MARKET WITH 'MASTERCRUISER' RADIO PARTNER B96
Next Article:SHAWMUT BANK N.A., CONNECTICUT NATIONAL BANK CUT PRIME RATE TO 6 PERCENT
Topics:


Related Articles
FREDA CORPORATION REPORTS GROSS REVENUES AND NET LOSS FOR THE FOURTH QUARTER AND NET INCOME FOR THE YEAR IN FISCAL 1991
FREDA CORPORATION REPORTS GROSS REVENUES AND NET INCOME FOR THE FIRST QUARTER OF FISCAL 1992
FREDA CORPORATION REPORTS GROSS REVENUES AND NET LOSS FOR THE FOURTH QUARTER AND NET LOSS FOR THE YEAR IN FISCAL 1992
FREDA CORPORATION REPORTS GROSS REVENUES AND NET INCOME FOR THE FIRST QUARTER OF FISCAL 1993
FREDA CORPORATION REPORTS GROSS REVENUES AND NET INCOME FOR THE THIRD QUARTER AND FOR THE NINE MONTHS OF FISCAL 1993
FREDA CORPORATION REPORTS GROSS REVENUES AND NET INCOME FOR THE FOURTH QUARTER AND NET INCOME FOR THE YEAR IN FISCAL 1993
FREDA CORPORATION REPORTS GROSS REVENUES AND NET INCOME FOR THE FIRST QUARTER OF FISCAL 1994
FREDA CORPORATION REPORTS GROSS REVENUES AND NET LOSS FOR THE SECOND QUARTER AND NET INCOME FOR THE SIX MONTHS OF FISCAL 1994
FREDA CORPORATION REPORTS GROSS REVENUES AND NET LOSS FOR THE FIRST QUARTER OF FISCAL 1995
FREDA CORPORATION REPORTS GROSS REVENUES AND NET INCOME FOR THE THIRD QUARTER AND NET INCOME FOR THE NINE MONTHS OF FISCAL 1995

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