Printer Friendly

TELLUS INDUSTRIES REPORTS SECOND QUARTER AND SIX MONTHS EARNINGS

 TELLUS INDUSTRIES REPORTS SECOND QUARTER AND SIX MONTHS EARNINGS
 NEVADA, May 7 /PRNewswire/ -- Tellus Industries, Inc. (NASDAQ: TLLS) today announced new record sales and profits for the three and six months ended March 31, 1992.
 Sales for the quarter and six-month period rose to $3,849,868 and $7,439,280, respectively, up 74.9 percent and 173.9 percent from the $2,200,779 and $2,716,274 reported in the comparable year-ago periods. After-tax earnings for the three months and six months ended March 31 of this year were $772,035 and $772,634 (6 cents and 6 cents a share) vs. a loss of $49,801 and $207,325 announced a year ago (def. $0.06 and def. $0.026 a share). After tax-profits for the quarter benefited from a tax loss carryforward credit of $210,409.
 Tellus Industries also reported that its direct consumer marketing operations are expanding smoothly and that its consulting group received three new major consulting contracts during the second quarter of its current fiscal year.
 Tellus Industries is a diversified multifaceted company engaged in direct sales and distribution as well as in providing financial services.
 TELLUS INDUSTRIES, INC.
 Periods ended Three months Six months
 March 31: 1992 1991 1992 1991
 Sales $3,849,868 $2,200,779 $7,439,280 $2,716,274
 Earnings before taxes 838,247 (49,801) 838,766 (207,325)
 Taxes 276,621 -- 276,621 --
 Extraord. credit for
 tax loss carryforward 210,409 -- 210,409 --
 After tax earnings 772,035 (49,801) 772,634 (207,325)
 EPS $.06 ($.06) $.06 ($.026)
 Shares outstanding 13,489,634 7,872,634 13,489,634 7,872,634
 -0- 5/7/92
 /CONTACT: Glenn Burke of Tellus Industries, 702-251-1979, or Michelle Sotnikow of Howard Bronson & Company, 212-867-6160, for Tellus Industries/
 (TLLS) CO: Tellus Industries, Inc. ST: Nevada IN: SU: ERN


CK-TS -- NY043 -- 7552 05/07/92 11:02 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:May 7, 1992
Words:318
Previous Article:REPUBLIC PICTURES ANNOUNCES MERGER PROPOSAL FOR ORION PICTURES (repeating from earlier)
Next Article:DELL NAMES NEW VICE PRESIDENT; FORMER AST EXECUTIVE TO SPEARHEAD HIGH-VOLUME, LOW-COST MANUFACTURING
Topics:


Related Articles
TELLUS INDUSTRIES REPORTS EARNINGS
TELLUS INDUSTRIES RECEIVES DASH COVERS COMMON STOCK AS COMPENSATION
TELLUS INDUSTRIES LONG-TERM DEBT ALL BUT ELIMINATED
COLTEC INDUSTRIES REPORTS SECOND QUARTER AND SIX MONTH RESULTS
TELLUS INDUSTRIES ADDRESSES UNUSUAL ACTIVITY IN ITS STOCK
TELLUS INDUSTRIES COMPLETES CONTRACT WITH ENVIROPUR WASTE
HOUSTON INDUSTRIES INCORPORATED REPORTS RESULTS
CARLISLE COMPANIES REPORTS RECORD EARNINGS
CHRYSLER REPORTS SECOND-QUARTER RESULTS
HOUSTON INDUSTRIES ANNOUNCES 2Q 1996 EARNINGS

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