NACO FINANCE REPORTS FIRST QUARTER RESULTS
NACO FINANCE REPORTS FIRST QUARTER RESULTS DALLAS, Nov. 15 /PRNewswire/ -- NACO Finance Corporation (NFC) today
reported a net loss of $4.9 million on revenues of $35.0 million for the three months ended Sept. 30, 1991.
Results for the first quarter include the consolidated results of NFC's operating subsidiaries Thousand Trails, Inc. and National American Corporation (NACO), which were acquired in June of 1991. Consequently, NFC's first quarter results are not comparable to its financial statements for the quarter ended Sept. 30, 1990. For the three months ended Sept. 30, 1990, NFC reported a net loss of $413,000 on revenues of $5.2 million. NFC attributed the first quarter loss primarily to the inclusion of the operating subsidiaries' losses for the first quarter, reorganization costs and higher interest expense. NACO Finance Corporation, through its subsidiaries National American Corporation and Thousand Trails, Inc., operates membership-based campground sites and other recreational properties throughout the United States. -0- 11/15/91 /CONTACT: Susan A. Seiter of NACO, 817-488-3142/ CO: NACO Finance Corporation ST: Texas IN: FIN SU: ERN SH -- NY083 -- 1681 11/15/91 15:54 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 15, 1991|
|Previous Article:||MOODY'S ASSIGNS|
|Next Article:||FDA PANEL RECOMMENDS BREAST IMPLANTS REMAIN ON THE MARKET|