Printer Friendly

THE RANDERS GROUP INCORPORATED REPORTS IMPROVED OPERATING RESULTS FOR THE THIRD QUARTER OF 1992

 THE RANDERS GROUP INCORPORATED REPORTS IMPROVED OPERATING RESULTS
 FOR THE THIRD QUARTER OF 1992
 MUSKEGON, Mich., Nov. 12 /PRNewswire/ -- The Randers Group Incorporated (AMEX-ECM: RGI) reported third quarter results for 1992. Revenues for the third quarter of 1992 were $1,728,000 compared to $2,398,000 for the same period in 1991. Operations for the third quarter of 1992 resulted in net income of $13,000 ($.00 per share) compared to $9,000 ($.00 per share) for 1991. The third quarter of 1992 showed a return to profitable operation following three quarters of operating losses.
 Revenues of $4,173,000 for the nine months ended Sept. 30, 1992 resulted in a net loss of $213,000 compared to revenues of $10,118,000 and net income of $232,000 for the same nine month period of 1991.
 Three Months Ended Nine Months Ended
 September 30, September 30,
 1992 1991 1992 1991
 Revenues $1,728,000 $2,398,000 $4,173,000 $10,118,000
 Net income (loss) $13,000 $9,000 ($213,000) 232,000
 Earnings (loss)
 per share $.00 $.00 ($.02) .02
 Average no. of shares
 outstanding 14,199,070 14,320,918 14,076,783 13,991,275
 Although the economic slowdown appears to persist, management has seen an increase in project activity during the third quarter of 1992. Previous cost reductions, intensive marketing efforts, and expanded services have been successful in bringing the company back to profitable operations.
 With its continuing solid base of operation, focused on technology- related projects, environmental engineering and specialized equipment systems design, the company is well positioned to pursue its growth plans as a strong, single source, design/build firm for technology- related projects and systems once the economy recovers.
 -0- 11/12/92
 /CONTACT: LaWanda Furlough of The Randers Group, 616-733-0036/
 (RGI) CO: The Randers Group Incorporated ST: Michigan IN: SU: ERN


KR -- DE008 -- 0051 11/12/92 09:36 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:Nov 12, 1992
Words:321
Previous Article:ENHANCE FINANCIAL SERVICES GROUP REPORTS THIRD QUARTER INCOME UP 34 PERCENT
Next Article:KRUG INTERNATIONAL NAMES EXECUTIVE VICE PRESIDENT AND GENERAL MANAGER FOR KRUG LIFE SCIENCES INC.
Topics:


Related Articles
THE RANDERS GROUP INCORPORATED REPORTS FINANCIAL RESULTS FOR THE QUARTER ENDED SEPT. 30, 1991
THE RANDERS GROUP INCORPORATED REPORTS REVENUE AND EARNINGS FOR THE YEAR
THE RANDERS GROUP INCORPORATED REPORTS OPERATING RESULTS FOR THE FIRST QUARTER OF 1992
THE RANDERS GROUP INCORPORATED REPORTS IMPROVING OPERATING RESULTS FOR THE SECOND QUARTER OF 1992
THE RANDERS GROUP INCORPORATED REPORTS RESULTS OF OPERATIONS FOR 1992
THE RANDERS GROUP INCORPORATED REPORTS OPERATING RESULTS FOR THE FIRST QUARTER OF 1993
THE RANDERS GROUP INCORPORATED REPORTS IMPROVED RESULTS FOR THE SECOND QUARTER OF 1993
THE RANDERS GROUP INCORPORATED REPORTS RECORD REVENUES AND IMPROVED OPERATING RESULTS FOR THE THIRD QUARTER OF 1993
/ C O R R E C T I O N -- RANDERS GROUP /(Correction Notice)
The Randers Group Incorporated Reports Operating Results For the First Quarter of 1997

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