Printer Friendly

FREDA CORPORATION REPORTS GROSS REVENUES AND NET INCOME FOR THE THIRD QUARTER AND FOR THE NINE MONTHS OF FISCAL 1993

 PHILADELPHIA, July 16 /PRNewswire/ -- Freda Corporation (OTC Bulletin Board: FRDA), a manufacturer of an extensive variety of delicatessen luncheon meats marketed throughout the continental United States, today reported gross revenues and net income for the third quarter and for the nine months ended May 29, 1993.
 Net income for the 13 weeks ended May 29, 1993, was $161,621, or $.09 per share as compared with net loss of $1,850 or $.00 per share for the 13 weeks ended May 30, 1992, on 1,793,150 average shares outstanding in 1993 as compared to 1,807,800 average shares outstanding in 1992. Third quarter gross revenues amounted to $13,354,314, a decrease from $13,812,572 in the year-earlier period.
 For the 39 weeks ended May 29, 1993, net income was $213,464, or $.12 per share, on 1,793,150 average shares outstanding as compared with $139,644 or $.08 per share on 1,807,800 average shares in the comparable 39-week period in 1992. Gross revenues amounted to $39,553,433 as compared with $40,703,274 in the year-earlier period.
 The company's stock is traded over-the-counter.
 FREDA CORPORATION
 (Unaudited)
 Three months ended May 29, 1993 May 30, 1992
 Gross revenues $13,354,314 $13,812,572
 Income (loss) before taxes 271,225 (4,782)
 Provision (benefit) for income taxes 109,604 (2,932)
 Net income (loss) after taxes 161,621 (1,850)
 Earnings (loss) per share $.09 $.00
 Average shares outstanding 1,793,150 1,807,800
 Nine months ended May 29, 1993 May 30, 1992
 Gross revenues $39,553,433 $40,703,274
 Income before taxes 355,773 230,833
 Provision for income taxes 142,309 91,189
 Net income after taxes 213,464 139,644
 Earnings per share $.12 $.08
 Average shares outstanding 1,793,150 1,807,800
 /delval/
 -0- 7/16/93
 /CONTACT: Michael Allen of Freda, 215-336-6300/
 (FRDA)


CO: Freda Corporation ST: Pennsylvania IN: FOD SU: ERN

JM-MK -- PH012 -- 2454 07/16/93 12:12 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 16, 1993
Words:336
Previous Article:TEPPCO PARTNERS, L.P. REPORTS SECOND QUARTER RESULTS OF OPERATIONS
Next Article:ELMWOOD BANCORP, INC. MORE THAN DOUBLES SECOND QUARTER EARNINGS
Topics:


Related Articles
FREDA CORPORATION REPORTS GROSS REVENUES AND NET LOSS FOR THE FOURTH QUARTER AND NET INCOME FOR THE YEAR IN FISCAL 1991
FREDA CORPORATION REPORTS GROSS REVENUES AND NET INCOME FOR THE FIRST QUARTER OF FISCAL 1992
FREDA CORPORATION REPORTS GROSS REVENUES AND NET LOSS FOR THIRD QUARTER AND NET INCOME FOR NINE MONTH OF FISCAL 1992
FREDA CORPORATION REPORTS GROSS REVENUES AND NET INCOME FOR THE FIRST QUARTER OF FISCAL 1993
FREDA CORPORATION REPORTS GROSS REVENUES AND NET INCOME FOR THE FOURTH QUARTER AND NET INCOME FOR THE YEAR IN FISCAL 1993
FREDA CORPORATION REPORTS GROSS REVENUES AND NET INCOME FOR THE FIRST QUARTER OF FISCAL 1994
FREDA CORPORATION REPORTS GROSS REVENUES AND NET LOSS FOR THE SECOND QUARTER AND NET INCOME FOR THE SIX MONTHS OF FISCAL 1994
FREDA CORPORATION REPORTS GROSS REVENUES AND NET LOSS FOR THE FIRST QUARTER OF FISCAL 1995
FREDA CORPORATION REPORTS GROSS REVENUES AND NET INCOME FOR THE THIRD QUARTER AND NET INCOME FOR THE NINE MONTHS OF FISCAL 1995
FREDA CORPORATION REPORTS GROSS REVENUES AND NET INCOME FOR THE FOURTH QUARTER AND NET INCOME FOR THE YEAR IN FISCAL 1995

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