Printer Friendly

CLASSIC MEDICAL GROUP, INC. REPORTS THIRD QUARTER RESULTS

 CLASSIC MEDICAL GROUP, INC. REPORTS THIRD QUARTER RESULTS
 MUSKEGO, Wis., Aug. 6 /PRNewswire/ -- Robert A. Macur, president of


Classic Medical Group Inc., today released fiscal 1992 third quarter financial results.
 Revenues for the third quarter of 1992 were $803,939 compared to $831,313 in 1991, a 3.3 percent decline over the previous year. Three month net loss was $91,892, ($.026 per share) in 1992, versus prior year net loss of $92,610 ($.026 per share).
 Year to date revenues were $2,440,312 for 1992 compared to revenues of $2,699,006 in 1991. Nine month net loss was $135,096 and $67,395 in 1992 and 1991, respectively.
 Gross profit increased .7 percent from second quarter 1992 to 25.5 percent, compared to a decrease of 11 percent in 1991. Current year to date gross profit is 24.1 percent compared to prior year's 24.6 percent. The decrease in profitability is primarily due to a lawsuit settlement, changes in product mix and additional maintenance expense to increase productivity, says Robert Macur, Classic's president.
 Classic Medical Group Inc. manufactures and distributes disposable medical electrodes for a broad variety of medical procedures.
 CLASSIC MEDICAL GROUP INC.
 Periods ended Third Quarter
 June 30 1992 1991
 Revenues $803,939 831,313
 Net loss 91,892 92,610
 Periods ended Nine Months
 June 30 1992 1991
 Revenues $2,440,312 2,699,006
 Net loss 135,096 67,395
 -0- 8/6/92
 /CONTACT: Robert Macur, president of Classic Medical Products Inc., 414-679-3100/ CO: Classic Medical Group Inc. ST: Wisconsin IN: MTC SU: ERN


AH -- NY115 -- 7839 08/06/92 19:56 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 6, 1992
Words:273
Previous Article:INTERNATIONAL MAHOGANY CORP. EXECUTES FORMAL AGREEMENT TO ACQUIRE WIN-ELDRICH MINES LTD. INTEREST IN MINING CLAIMS
Next Article:GORTON VOTE LEAVES FOREST PRODUCTS WORKERS STANDING AT THE ALTAR
Topics:


Related Articles
CLASSIC MEDICAL GROUP REPORTS RESULTS
CLASSIC MEDICAL GROUP, INC. REPORTS 1992 FIRST QUATER RESULTS
MEDICAL DEVICES REPORTS THIRD QUARTER RESULTS
MEDICAL DEVICES, INC. REPORTS FOURTH QUARTER RESULTS AND FISCAL YEAR-END RESULTS
SPACELABS MEDICAL REPORTS THIRD-QUARTER RESULTS; NET INCOME UP 36 PERCENT
CLASSIC MEDICAL GROUP REPORTS RESULTS
LUTHER MEDICAL ANNOUNCES THIRD QUARTER RESULTS
MEDICAL RESOURCES, INC. ANNOUNCES RECORD EARNINGS FOR THE THIRD QUARTER
LUTHER MEDICAL ANNOUNCES THIRD QUARTER RESULTS
Nyer Medical Group, Inc. Reports Quarterly Results - Record Sales Increase 91.7%

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