For Better Living Inc. announces financial results.AUBURN Auburn (ô`bərn). 1 City (1990 pop. 33,830), Lee co., E Ala.; inc. 1839. The city's economy centers around Auburn Univ.; there is some manufacturing. 2 City (1990 pop. 24,309), seat of Androscoggin co. , Calif.--(BUSINESS WIRE)--Aug. 14, 1996--Richard G. Fabian Fa·bi·an adj. 1. a. Of or relating to the caution and avoidance of direct confrontation typical of the Roman general Quintus Fabius Maximus. b. Cautious or dilatory, as in taking action. 2. , chairman of the board of For Better Living Inc., reported a net loss for the three months ended June June: see month. 29, 1996, of $105,000, or 12 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , as compared with net income of $198,000, or 23 cents per share, for the comparable period of the prior year. The net income for the six months ended June 29, 1996, was $379,000, or 43 cents per share, as compared with a net income of $341,000, or 39 cents per share, for the comparable period of the prior year. -0- SUMMARY OF OPERATIONS
Three Months Ended Six Months Ended
29 June 1 July 29 June 1 July
1996 1995 1996 1995
NET REVENUES $21,846,000 $19,503,000 $47,311,000 $37,219,000 Cost and Expenses: Cost of sales 14,230,000 12,223,000 30,981,000 22,972,000 Selling, general & administrative expenses 7,403,000 6,590,000 14,932,000 13,079,000 Interest expense 389,000 309,000 765,000 548,000 Total Cost and Expenses 22,022,000 19,122,000 46,678,000 36,599,000 Income (loss) before provision for taxes (176,000) 381,000 633,000 620,000 Provision (benefit) for taxes (71,000) 183,000 254,000 279,000 Net Income (loss) $ (105,000) $ 198,000 $ 379,000 $ 341,000 Net Income (loss) per common share: $ (0.12) $ 0.23 $ 0.43 $ 0.39 -0-
SUMMARY BALANCE SHEET
29 June 30 December
1996 1995
ASSETS:
Current assets $32,265,000 $29,052,000
Property -- net 10,035,000 11,353,000
Available-for-sale
securities 1,730,000 1,700,000
Other assets 428,000 477,000
Total Assets $44,458,000 $42,582,000 Liabilities and Stockholders' equity: Current liabilities $12,463,000 $13,182,000 Long-term debt and capital lease obligations 14,078,000 11,718,000 Other (primarily deferred compensation) 978,000 1,039,000 Stockholders' equity -- net 16,939,000 16,643,000 Total Liabilities and Stockholders' Equity $44,458,000 $42,582,000 -0-
SUMMARY STATEMENT OF CASH FLOWS
Six Months Ended
29 June 1 July
1996 1995
Net cash used in operating activities $(2,232,000) $(3,118,000) Net cash provided by investing activities 560,000 849,000 Net cash provided by financing activities 2,131,000 2,055,000 Net increase (decrease) in cash and cash equivalents $ 459,000 $ (214,000) CONTACT: For Better Living Inc., Auburn Karl Karl. For German and Swedish kings thus named, use Charles. M. Stockbridge Stockbridge, town, United States Stockbridge, resort town (1990 pop. 2,408), Berkshire co., W Mass., on the Housatonic River, in the Berkshire Mts.; inc. 1739. It is a year-round tourist resort with nearby lake, ski, and recreational areas. or Jennifer Jennifer became a common first name for females in English-speaking countries during the 20th century. The name Jennifer is a Cornish variant of Guinevere, deriving ultimately from Proto-Celtic *windo-seibaro- "white ghost", via Brythonic *wino-hibirā (cf. P. Ewing Ew·ing , James 1866-1943. American pathologist. An authority on cancer, he established oncology as a clinical specialty. 916/823-9600, fax: 916/823-9650 |
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