Printer Friendly

GENERAL MAGNAPLATE REPORTS RESULTS

 GENERAL MAGNAPLATE REPORTS RESULTS
 LINDEN, N.J., May 20 /PRNewswire/ -- General Magnaplate today issued


the following:
 Financial results for the nine-month period continue to reflect the sluggish national economy. Our new start-up plants are slowly increasing their sales base while keeping costs under control. Our marketing efforts have been extremely well received during this recession, demonstrating high interest in surface enhancement technology.
 Synergistic General Magnaplate coatings enable companies in varied industries to improve quality, durability and cost savings; key concerns to all manufacturers.
 GENERAL MAGNAPLATE
 Condensed Statements of Income
 Nine months ended March 31 1992 1991
 Gross revenue $6,556,031 $8,063,469
 Income before taxes 342,147 1,340,175
 Net income 208,489 832,375
 Earnings per share $.07 $.27
 Avg. shares outstanding 3,086,902 3,092,844
 Three months ended March 31 1992 1991
 Gross revenue $2,290,806 $2,737,264
 Income before taxes 160,484 571,442
 Net income 96,970 357,142
 Earnings per share $.03 $.12
 Avg. shares outstanding 3,077,582 3,092,844
 -0- 5/20/92
 /CONTACT: Candida C. Aversenti of Magnaplate, 908-862-6200/
 (GMCC) CO: General Magnaplate Corporation ST: New Jersey IN: SU: ERN


TS-LR -- NY062 -- 6256 05/20/92 12:50 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:May 20, 1992
Words:205
Previous Article:MEMORIAL DAY TRAFFIC RESTRICTIONS BULLETIN ISSUED BY PENNSYLVANIA DEPARTMENT OF TRANSPORTATION
Next Article:PERKINS FAMILY RESTAURANTS, L.P. REPORTS RECORD FIRST QUARTER NET INCOME
Topics:


Related Articles
GENERAL MAGNAPLATE CORPORATION ISSUES YEAR-END REPORT 1992
GENERAL MAGNAPLATE REPORTS RESULTS
GENERAL MAGNAPLATE NET INCOME INCREASES 38.1 PERCENT FOR QUARTER ENDED SEPT. 30, 1993
GENERAL MAGNAPLATE CORPORATION (GMCC) EARNINGS PER SHARE INCREASE FOR NINE MONTHS
GENERAL MAGNAPLATE REPORTS RESULTS
GENERAL MAGNAPLATE CORPORATION (GMCC) EARNINGS PER SHARE INCREASE FOR THIRD QUARTER
GENERAL MAGNAPLATE REPORTS EARNINGS -- YEAR END 1995
GENERAL MAGNAPLATE REPORTS RESULTS
/C O R R E C T I O N -- GENERAL MAGNAPLATE CORPORATION/(Correction Notice)
General Magnaplate Corp. (GMCC) Issues Results

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters