Printer Friendly

LAMCOR ANNOUNCES THIRD QUARTER RESULTS

 LE SUEUR, Minn., Aug. 19 /PRNewswire/ -- Lamcor Inc. announced today results for the third quarter ended June 30, 1993. Net income for the current period was down to $22,755 or $.02 per share, compared with net income of $51,673 or $.04 per share, reported last year. Net sales was also down to $829,285 from $854,266 reported one year ago.
 Lamcor also announced operating results for the nine months ended June 30, 1993. Net sales increased to $2,680,854 from $2,360,909 for the comparable period one year ago. Net income for the nine months year-to-date period decreased to $107,024 or $.08 per share, from $142,380 or $.12 per share posted last year.
 Management noted some softening in demand as well as a desire by customers to reduce their inventory levels. Orders in the first month of the third quarter were weak and the subsequent improvement in the remaining two months was unable to make up the difference. While business remains steady, management anticipates a general sluggishness to continue throughout the fourth quarter.
 Management, also would like to note the initial phase of their new line of gourmet coffee pouches. The net effect of this year's results will be negligible but will have an impact on our new year.
 Lamcor, Inc., based in Le Sueur, manufactures, markets and distributes flexible packaging and laminated films for food, medical and industrial applications. The company's common stock is traded on the Minneapolis/St. Paul over-the-counter market.
 LAMCOR, INC.
 Three Months Ended Nine Months Ended
 6/30/93 6/30/92 6/30/93 6/30/92
 Net sales $829,285 $854,266 $2,680,854 $2,360,909
 Net income $22,755 $51,673 $107,024 $142,380
 E.P.S. $.02 $.04 $.08 $.12
 -0- 8/19/93
 /CONTACT: Toby Jensen or Dave Shonka, 612-665-6658, both of Lamcor/


CO: Lamcor, Inc. ST: Minnesota IN: SU: ERN

DB-AL -- MN011 -- 4353 08/19/93 13:19 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 19, 1993
Words:330
Previous Article:CASCADE MEDICAL ROLLS OUT CHECKMATE PLUS SYSTEM; NEW DESIGN BRINGS THE ULTIMATE IN SIMPLICITY TO BLOOD GLUCOSE MONITORS
Next Article:BLUE CROSS AND BLUE SHIELD OF MINNESOTA SELECTS CASE FOLEY SACKETT AS NEW AD AGENCY -- STRATEGIC CAPABILITIES KEY TO NEW RELATIONSHIP
Topics:

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