Printer Friendly

NATIONAL HERITAGE REPORTS FOURTH QUARTER AND YEAR END RESULTS

 NATIONAL HERITAGE REPORTS FOURTH QUARTER AND YEAR END RESULTS
 DALLAS, Aug. 25 /PRNewswire/ -- National Heritage, Inc. (NYSE: NHR) today reported profitable results for the fourth quarter and year ended June 30, 1992.
 Net income for the year was $81,000 or $.01 per share, vs. a net loss of $7.2 miliion or $(.43) per share for fiscal 1991. Revenues were $52.4 million, compared with $50.8 million a year earlier.
 For the quarter ended June 30, 1992, National Heritage reported net income of $6,000 compared with a net loss of $7.3 million or $(.44) per share for the fourth quarter of fiscal 1991. Fourth quarter revenues totalled $13.5 million, vs. $11.8 million in the same period a year ago.
 National Heritage, Inc., headquartered in Dallas, is one of the nation's leading managers of long-term care facilities for the elderly.
 NATIONAL HERITAGE, INC.
 Financial Highlights
 (Dollars in thousands, except per share amounts, audited)
 Periods Ended Three Months Ended Year Ended
 June 30
 1992 1991 1992 1991
 Revenues $ 13,510 $ 11,763 $ 52,400 $ 50,786
 Loss before
 income tax (173) (7,567) (65) (7,496)
 Income tax
 benefit (179) (228) (146) (248)
 Net Earnings
 (loss) 6 (7,339) 81 (7,248)
 Earnings (loss)
 per share of
 common stock $ -- $ (0.44) $ 0.01 $ (0.43)
 Weighted average
 shares
 outstanding 16,890 16,890 16,890 16,890
 -0- 8/25/92
 /CONTACT: Vicki Bolton of National Heritage investor relations, 214-233-3900/
 (NHR) CO: National Heritage, Inc. ST: Texas IN: HEA SU: ERN


TM -- NY080 -- 3213 08/25/92 17:33 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:Aug 25, 1992
Words:264
Previous Article:AFTER HURRICANE ANDREW, KEEP EQUIPMENT FROM GOING UNDER
Next Article:nVIEW ANNOUNCES ENHANCEMENT TO VIEWFRAME SPECTRAPLUS; LARGER PALETTE ENHANCES PERFORMANCE
Topics:


Related Articles
MORGAN PRODUCTS LTD. REPORTS 1991 RESULTS
KEYSTONE HERITAGE GROUP REPORTS EARNINGS, DECLARES CASH DIVIDEND
NATIONAL HERITAGE REPORTS SECOND QUARTER EARNINGS
NATIONAL HERITAGE REPORTS THIRD QUARTER PROFIT
UNITED HERITAGE REPORTS FIRST QUARTER REVENUES
NATIONAL HERITAGE REPORTS FIRST QUARTER RESULTS
WEST COAST BANCORP REPORTS FOURTH QUARTER RESULTS AND RESTRUCTURING
NATIONAL HERITAGE REPORTS SECOND QUARTER AND SIX MONTH RESULTS
Michigan Heritage Bancorp Reports $588,000 Increase in 1999 Net Income.
Michigan Heritage Bancorp Reports 13% Increase in Net Interest Income Before Provision for Loan Losses and 25% Loan Increase.

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