BURNUP & SIMS REPORTS FIRST QUARTER RESULTS
BURNUP & SIMS REPORTS FIRST QUARTER RESULTS FORT LAUDERDALE, Fla., Sept. 14 /PRNewswire/ -- Burnup & Sims Inc.
(NASDAQ: BSIM) today reported earnings for the first quarter ended July 31, 1992, of $237,000, or $.03 per share, on revenues of $37.8 million, compared to $52,000, or $.01 per share, on revenues of $38.4 million last year.
"First quarter revenues and earnings continued to reflect national recessionary conditions," a company spokesperson stated, "resulting from both the deferrals of spending by major utilities and the loss of contracts due to competitive pricing pressures. Burnup & Sims will continue to pursue and maximize opportunities to counter the effects of the recessionary economy. The company is currently providing manpower," the spokesperson added, "to assist the relief effort in areas devastated by Hurricane Andrew in both the South Florida and Louisiana areas." Opening the lines of communications(TM) across the United States, Burnup & Sims is a leading telecommunications service company with diversified interest in movie theatres, commercial printing and real estate. BURNUP & SIMS INC. Consolidated Results for the Periods Ended July 31, 1992 and 1991 (In Thousands, Except Per Share Amounts) Three Months Ended July 31, 1992 1991 Revenues $ 37,814 $ 38,430 Net Income $ 237 $ 52 Average Shares Outstanding 8,768 8,768 Earnings Per Share $ .03 $ .01 -0- 9/14/92 /CONTACT: George Bracken or Aimee Zbiegien of Burnup & Sims, 305-587-4512/ (BSIM) CO: Burnup & Sims ST: Florida IN: TLS SU: ERN
JB-AW -- FL005 -- 9031 09/14/92 10:19 EDT
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|Date:||Sep 14, 1992|
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