Printer Friendly

CYBER DIGITAL, INC. REPORTS SECOND QUARTER RECORD EARNINGS

 HOLBROOK, N.Y., Nov. 30 ~PRNewswire~ -- Cyber Digital, Inc. (OTC: CYBD), today announced continued growth in revenues and net income for its second quarter ended Sept. 30, 1992.
 Net sales for the quarter were $329,307, an increase of 86 percent from second quarter of 1991 sales of $177,251. Profit from operations for the quarter was $88,565 as compared with $37,874 in 1991. Net income for the quarter was $89,957 of $.01 per share, compared with $37,941 or $0.00 per share for the same quarter previous year.
 For the six months period ended Sept. 30, 1992, net sales were $549,232, an increase of 171 percent from the same period last year sales of $202,645. Profit from operations for six months period was $109,665 as compared with a loss of ($51,427) for the same period last year. Net income for the six months was $113,451 or $.01 per share, compared with a net loss of ($50,559) or loss of $0.00 per share for the same period prior year.
 "The improved profitability is due to increase in sales volume," said J.C. Chatpar, chairman and chief executive officer. "Our high level of operating profit percentage of 21 percent will assure us of continued strong growth in the current fiscal year."
 Total working capital increased by $113,451 to $730,991 for period ended Sept. 30, 1992 from $617,540 for period ended March 31, 1992. The current ratio increased to 2.9 to 1 as at Sept. 30, 1992 from 2.1 to 1 as at March 31, 1992.
 Cyber Digital, Inc. designs, manufactures, markets and services data and voice telecommunication switching equipment.
 CYBER DIGITAL, INC.
 Condensed Statement of Income (loss)
 Periods ended Three months Six months
 Sept. 30 1992 1991 1992 1991
 Net sales $329,307 $177,251 $549,232 $202,645
 Costs and expenses 240,742 139,377 439,567 254,072
 Profit (loss) from
 operations 88,565 37,874 109,665 (51,427)
 Other income 1,392 67 3,786 868
 Net income (loss) 89,957 37,941 113,451 (50,559)
 Net income (loss) per share .01 .00 .01 (.00)
 Number of shares
 outstanding 12,738,601 12,448,101 12,738,601 12,448,101
 -0- 11~30~92
 ~CONTACT: J.C. Chatpar of Cyber Digital, Inc., 516-471-5270~
 (CYBD)


CO: Cyber Digital, Inc. ST: New York IN: TLS SU: ERN

SH-OS -- NY033 -- 1898 11~30~92 11:59 EST
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:Nov 30, 1992
Words:415
Previous Article:PROTEON ANNOUNCES INTERNET RESELLER PROGRAM; EASY-TO-USE ROUTER TO BE SOLD BY SELECT RESELLERS
Next Article:TEXACO JOINT VENTURE REPORTS PRELIMINARY FINDING IN OFFSHORE MYANMAR BLOCK
Topics:


Related Articles
CYBER DIGITAL REPORTS PROFITS IN CURRENT AND PRIOR FISCAL YEARS
CYBER DIGITAL REPORTS FISCAL 1992 EARNINGS
CYBER DIGITAL REPORTS THIRD QUARTER EARNINGS
CYBER DIGITAL, INC. REPORTS YEAR END RESULTS
/C O R R E C T I O N -- CYBER DIGITAL, INC./
CYBER DIGITAL, INC. REPORTS RECORD FIRST QUARTER RESULTS FOR FISCAL YEAR 1994
CYBER DIGITAL, INC. REPORTS SECOND QUARTER AND FIRST HALF RESULTS FOR FISCAL 1994, ENDED SEPT. 30, 1993
CYBER DIGITAL, INC. REPORTS THIRD QUARTER AND NINE MONTHS UNAUDITED RESULTS
CYBER DIGITAL, INC. REPORTS FIRST QUARTER RESULTS
CYBER DIGITAL, INC. ANNOUNCES RETURN TO PROFITABILITY; FIRST QUARTER REVENUES UP 83 PERCENT

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