ALDEN ELECRONICS REPORTS RESULTS FOR HALF YEAR
ALDEN ELECRONICS REPORTS RESULTS FOR HALF YEAR WESTBOROUGH, Mass., Nov. 5 /PRNewswire/ -- Alden Electronics, Inc.
(NASDAQ: ADNEA) and subsidiaries reported revenues for the first half year (28 weeks) ended Oct. 10, 1992, of $8,519,906 as compared to $11,444,698 for the same period last year. These revenues generated net income of $76,583 or 4 cents per share, as compared to $293,385 or 14 cents per share for the same period last year.
Revenues for the quarter (16 weeks) ended Oct. 10, 1992, were $4,880,308 as compared to $6,328,705 for the same period last year. These revenues generated net income of $99,585 or 5 cents per share, as compared to $151,502 or 7 cents per share, for the same period last year. The decrease in revenues is primarily attributable to a decline in shipments of SATFIND-406(tm) Emergency Position Indicating Radio Beacons ("EPIRBs") and facsimile recording papers. The company was notified of the intentions of the president and the senior vice president/chief financial officer to retire at the end of the fiscal year. ALDEN ELECTRONICS, INC. Results of Operations First Half Year (28 Weeks) at Oct. 10, 1992 Oct. 10, Oct. 12, 1992 1991 Revenues $8,519,906 $11,444,698 Earnings Before Income Taxes 98,380 513,225 Net Earnings 76,583 293,385 Net Earnings Per Share 4 cents 14 cents -0- 11/05/92 /CONTACT: Gary A. Lortie of Alden Electronics, 508-366-8851/ (ADNEA) CO: Alden Electronics, Inc. ST: Massachusetts IN: CPR SU: ERN
CH -- NE024 -- 7933 11/05/92 16:43 EST
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|Date:||Nov 5, 1992|
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