Printer Friendly

VIATECH, INC. ANNOUNCES RESULTS

 VIATECH, INC. ANNOUNCES RESULTS
 SYOSSET, N.Y., Aug. 12 /PRNewswire/ -- Viatech, Inc. (AMEX: VTK)


Chairman and Chief Executive Officer Donald J. Bainton today announced the results for the periods ended June 30.
 VIATECH, INC.
 (in thousands, except per share data)
 Periods ended Second quarter Six months
 June 30, 1992 1991 1992 1991
 (unaudited)
 Total revenue $ 74,338 $ 71,251 $ 138,856 $138,829
 Gross profit 17,029 17,504 30,390 32,522
 Operating income 7,094 7,672 11,381 12,238
 Inc. bef. equity in
 losses of PCI, minority
 interest, extraord. item
 and cumulative effect
 of accounting
 change 2,342 2,850 3,355 3,893
 Equity in losses
 of PCI 307 -- 933 --
 Minority interest 368 872 546 1,191
 Inc. bef. extraord.
 item and cumulative
 effect of accounting
 change 1,668 1,978 1,876 2,702
 Equity in extraord.
 item of PCI -- -- 1,502 --
 Cumulative effect of
 accounting change -- -- 460 --
 Net income (loss) 1,668 1,978 834 2,702
 Earnings (loss) per
 common share-primary:
 Bef. extraord. item
 and cumulative
 effect of
 accounting change $.55 $.90 $.61 $1.30
 Extraord. item -- -- (.49) --
 Cumulative effect of
 accounting change -- -- .15 --
 Net earns. (loss) per
 common share $.55 $.90 $.27 $1.30
 Earns. (loss) per
 common share, assuming
 full dilution:
 Bef. extraord. item and
 cumulative effect of
 accounting change $.50 $.79 $.56 $1.14
 Extraord. item -- -- (.44) --
 Cumulative effect of
 accounting change -- -- .14 --
 Net earns (loss) per
 common share,
 assuming full
 dilution $.50 $.79 $.26 $1.14
 -0- 8/12/92
 /CONTACT: Abdo Yazgi, executive vice president of Viatech, 516-822-4940/
 (VTK) CO: Viatech, Inc. ST: New York IN: SU: ERN


SB-SH -- NY066 -- 6271 08/12/92 14:53 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 12, 1992
Words:280
Previous Article:ENSERCH 7 PERCENT NOTES DUE 1999 RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --
Next Article:COMMITTEE SAYS POLL INDICATES MAJORITY OF AMERICANS UNWILLING TO SACRIFICE 10,000 JOBS OR MORE TO PROTECT ENDANGERED SPECIES
Topics:


Related Articles
VIATECH ANNOUNCES ACQUISITION
VIATECH REPORTS RECORD PROFITS
VIATECH FINALIZES ACQUISITION
VIATECH REPORTS RECORD NET INCOME
VIATECH PROJECTS FIRST QUARTER RESULTS AND ANNOUNCES STOCK BUYBACK
VIATECH REPORTS FIRST QUARTER RESULTS
FAST-GROWING VIATECH TO BECOME CONTINENTAL CAN COMPANY;REVENUES EXPECTED TO SOAR PAST 500 MILLION WITH CONSOLIDATION, NYSE LISTING BEING SOUGHT
VIATECH PROJECTS RECORD SALES AND CASH FLOW, REDUCED EARNINGS
VIATECH, INC. ANNOUNCES NAME CHANGE
InDefense Partners With Viatech to Provide Worldwide Online Software Distribution.

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