First quarter income down for Scott's Liquid Gold-Inc.DENVER--(BUSINESS WIRE)--April 18, 1995--Scott's Liquid Gold-Inc., trading on the NYSE NYSE See: New York Stock Exchange under the symbol SGD SGD In currencies, this is the abbreviation for the Singapore Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , announced today that its net income for the quarter ended March 31, 1995 was $30,100, compared to the first quarter of 1994 which posted earnings of $814,100. Scott's
Scott's can refer to several companies;
air freshener air n → désodorisant m air freshener air n → , and skin care products marketed under the name Alpha Hydrox. Company president, Mark E. Goldstein Gold·stein , Joseph Leonard Born 1940. American biochemist. He shared a 1985 Nobel Prize for discoveries related to cholesterol metabolism. , stated that, for the most part, the break-even results for the first three months of 1995 had been anticipated by the Company due to new product introductions and an aggressive advertising schedule for this year's first quarter, and therefore, should not be viewed as an indicator of the Company's expectations for the balance of 1995. Figures for the first quarter of 1995 and 1994 follow: -0-
SCOTT'S LIQUID GOLD-INC.
& Consolidated Subsidiaries
Financial Highlights
3 Months Ended
March 31,
1995 1994
REVENUES $14,623,800 $13,090,500
INCOME FROM OPERATIONS 48,900 1,346,100
PROVISION FOR INCOME TAXES 18,800 532,000
NET INCOME $ 30,100 $ 814,100
NET INCOME PER COMMON SHARE - $ .08
WEIGHTED AVERAGE NUMBER
OF COMMON SHARES OUTSTANDING 10,280,900 10,164,200
CONTACT: SCOTT'S LIQUID GOLD-INC., Denver Barry Shepard or Carolyn Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic , 303/373-4860 |
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