Printer Friendly

METRO TEL CORP. REPORTS FISCAL 1992 YEAR END RESULTS

 METRO TEL CORP. REPORTS FISCAL 1992 YEAR END RESULTS
 JERICHO, N.Y., Sept. 4 /PRNewswire/ -- Metro Tel Corp. (NASDAQ: MTRO) today reported its results of operations for fiscal 1992.
 For the year ended June 30, 1992, the company reported sales of $4,440,178 with a loss of $59,125 or $.03 per share. This compared to sales of $4,640,896 and a loss of $118,843 or $.07 per share for fiscal 1991.
 V.J. Indelicato, president of Metro Tel, stated that improved sales during the second half of the year were not enough to offset the declines during the first six months of fiscal 1992 when the economic recession was at tits deepest. However Indelicato was optimistic about the future citing a large backlog, an improved economy, a lean organization and a number of new product introductions.
 He also stated that with the recent move of the company's corporate offices to Jericho, N.Y. all of the planned cost cutting moves were in place.
 Metro Tel is a manufacturer of telephone test equipment and peripheral telephone products.
 METRO TEL CORP.
 Consolidated Results (Audited)
 Year ended June 30 1992 1991
 Sales $4,440,178 $4,640,896
 Loss before income taxes (55,125) (136,843)
 Provision (credit) for
 income taxes 4,000 (18,000)
 Net loss (59,125) (118,843)
 Dividends on redeemable
 preferred stock 6,300 25,200
 Net loss applicable to
 common stock (65,425) (144,043)
 Loss per common share $(.03) $(.07)
 Weighted avg. shares
 outstanding 2,004,046 2,004,046
 -0- 9/4/92
 /CONTACT: V. Indelicato of Metro Tel Corp., 516-937-3420/
 (MTRO) CO: Metro Tel Corp. ST: New York IN: TLS SU: ERN


PS-AH -- NY040 -- 6977 09/04/92 14:12 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:Sep 4, 1992
Words:290
Previous Article:AWARD-WINNING INTERIOR DESIGNER KRUEGER TO OPEN EXCLUSIVE KREISS COLLECTION FURNITURE SHOWROOM IN DOWNTOWN SEATTLE
Next Article:KELLY SERVICES CONTINUES TO PROVIDE RELIEF EFFORTS FOR VICTIMS OF HURRICANE ANDREW
Topics:


Related Articles
TRANSTECHNOLOGY EXPECTS FOURTH QUARTER PROFIT FROM CONTINUING OPERATIONS, LOSS FROM DISCONTINUED
METRO TEL REPORTS SECOND QUARTER RESULTS
DIONEX REPORTS RESULTS FOR THIRD FISCAL QUARTER
METRO TEL CORP. REPORTS STRONG FISCAL 1993 YEAR END RESULTS
METRO TEL REPORTS THIRD QUARTER RESULTS
METRO TEL CORPORATION REPORTS FISCAL 1994 YEAR END RESULTS
METRO TEL REPORTS IMPROVED FIRST QUARTER RESULTS
METRO TEL REPORTS THIRD QUARTER RESULTS
Metro Tel Corp. Reports Fiscal 1996 Year End Results
Metro Tel Reports Improved First Quarter Results

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