Printer Friendly

VAUGHN COMMUNICATIONS REPORTS FOURTH QUARTER, YEAR-END RESULTS

 VAUGHN COMMUNICATIONS REPORTS FOURTH QUARTER, YEAR-END RESULTS
 MINNEAPOLIS, April 20 /PRNewswire/ -- Vaughn Communications, Inc. (NASDAQ: VGHN) today reported net income from continuing operations in the fourth quarter of $136,000 or $.05 per share, on net sales of $5,743,000 for the period ended Jan. 31, 1992. This compares with net income of $109,000 or $.04 per share, on net sales of $5,385,000 during the prior year's fourth quarter.
 For the fiscal year 1992, the company reported net income from continuing operations of $755,000 or $.26 per share on sales of $23,628,000. During the comparable prior year period, the company had net income from continuing operations of $303,000 or $.12 per share, and income from discontinued operations of $93,000 or $.04 per share, for a total of $396,000 or $.16 per share, on net sales of $23,769,000.
 The discontinued operations relate to the company's divestiture of its radio broadcasting business.
 Vaughn Communications, Inc., through its Vaughn Duplication Services division, operates six high-volume videotape duplication facilities and eight sales offices providing tape duplication and related services, and through its Vaughn Broadcast Rental division serves the commercial video and audio production industry with state-of-the-art equipment rental. The company's Vaughn Display Group manufactures and distributes leather gift items for resale, and display and promotional products.
 VAUGHN COMMUNICATIONS, INC.
 Three Months Ended Twelve Months Ended
 1/31/92 1/31/91 1/31/92 1/31/91
 Net sales $5,743,609 $5,384,976 $23,628,001 $23,768,899
 Income from continuing
 operations 136,150 109,060 754,536 302,664
 (Loss) gain on discon-
 tinued operations - (7,000) - 93,604
 Net income 136,150 102,060 754,539 396,268
 Net income per share:
 Continuing operations $.05 $.04 $.26 $.12
 Discontinued
 operations - - - .04
 -- $.05 $.04 $.26 $.16
 -0- 4/20/92
 /CONTACT: E. David Willette of Vaughn Communications, 612-832-3200/
 (VGHN) CO: Vaughn Communications ST: Minnesota IN: SU: ERN


MA -- MN008 -- 9951 04/20/92 10:27 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:Apr 20, 1992
Words:338
Previous Article:BOSTON GLOBE TO PRINT APRIL 22 EDITION ON RECYCLED PAPER
Next Article:NATIONSBANK ANNOUNCES FIRST QUARTER EARNINGS


Related Articles
VAUGHN COMMUNICATIONS REPORTS THIRD QUARTER RESULTS
VAUGHN COMMUNICATIONS REPORTS PRELIMINARY YEAR-END RESULTS
VAUGHN COMMUNICATIONS REPORTS SECOND QUARTER RESULTS
VAUGHN COMMUNICATIONS REPORTS FOURTH QUARTER, YEAR-END RESULTS
VAUGHN COMMUNICATIONS REPORTS PRELIMINARY YEAR-END RESULTS
VAUGHN COMMUNICATIONS REPORTS FOURTH QUARTER, YEAR-END RESULTS
STECK-VAUGHN PUBLISHING CORP. ANNOUNCES EXPECTED FOURTH QUARTER AND YEAR-END RESULTS
VAUGHN COMMUNICATIONS REPORTS FOURTH QUARTER, YEAR-END RESULTS
VAUGHN COMMUNICATIONS REPORTS FOURTH QUARTER, YEAR-END RESULTS
Vaughn Communications Reports Fourth Quarter, Year-End Results

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