Printer Friendly

SALEM CORPORATION REPORTS RESULTS

 SALEM CORPORATION REPORTS RESULTS
 MIAMI, March 31 /PRNewswire/ -- Salem Corporation (AMEX: SBS)


today reported net income for the year ended Dec. 31, 1991 of $1,593,000 ($1.28 per share) on gross revenues of $127,016,000. This compares with net income of $1,656,000 ($1.33 per share) on gross revenues of $124,984,000 for 1990. Operating income for 1991 amounted to $3,523,000 compared to $730,000 in 1990.
 For the three months ended Dec. 31, 1991, Salem had income of $495,000 ($.40 per share) on revenues of $34,480,000, compared to net income of $846,000 ($.68 per share) on revenues of $35,534,000 during the same period of 1990.
 The company's backlog at Dec. 31, 1991 amounted to approximately $68 million compared to approximately $72 million at Dec. 31, 1990.
 SALEM CORPORATION
 Summary of Consolidated Operating Results
 For the Three and 12 Months Ended Dec. 31, 1991
 (In thousands except per share amounts)
 Three Months 12 Months
 1991 1990 1991 1990
 Gross Revenues $34,480 $35,534 $127,016 $124,984
 Net Income $ 495 $ 846 $ 1,593 $ 1,656
 Earnings per
 share $ .40 $ .68 $ 1.28 $ 1.33
 -0- 3/31/92
 /CONTACT: Chuck Nolan of Salem Corporation, 305-866-7771/
 (SBS) CO: Salem Corporation ST: Florida IN: SU: ERN


JB-SS -- FL005 -- 3306 03/31/92 10:07 EST
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:Mar 31, 1992
Words:228
Previous Article:PEACH BOTTOM SIREN TEST SCHEDULED
Next Article:CV REIT REPORTS YEAR END/FOURTH QUARTER RESULTS
Topics:


Related Articles
SALEM CORPORATION REPORTS RESULTS
SALEM CORPORATION ANNOUNCES RESULTS
SALEM CORPORATION REPORTS FIRST QUARTER RESULTS
SALEM CORPORATION REPORTS EARNINGS
SALEM CORPORATION REPORTS RESULTS
SALEM CORPORATION DECLARES RESULTS
SALEM CORPORATION REPORTS EARNINGS
SALEM CORPORATION REPORTS FIRST QUARTER RESULTS
Salem Corporation Announces Results
Salem Corporation Announces Results

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