Printer Friendly

GOLDTEX, INC. ANNOUNCES RESULTS

 GOLDTEX, INC. ANNOUNCES RESULTS
 GOLDSBORO, N.C., Feb. 5 /PRNewswire/ -- Goldtex, Inc.


(NASDAQ-NMS: GLTX) today released its earnings for the quarter ended Jan. 26, 1992, which is the second quarter of the current fiscal year. For the quarter, the Company reported a net profit of $210,611 on sales of $5,601,426 compared to a net profit of $339,865 on sales of $6,393,172 in the same period in 1991. On a per share basis, the Company reported a net profit of $.09 in the 1992 period, compared to $.15 in 1991.
 For the six month period in 1992, the Company reported a net profit of $412,869 on sales of $12,228,036, compared to a net profit of $644,106 on sales of $13,140,893 for the same period in 1991. On a per share basis, the Company reported a net profit of $.18 in the 1992 period, compared to $.28 in 1991.
 Will Hopper, President, stated, "While the Company has experienced a decline in volume and subsequently earnings during the first half of fiscal 1992, we are generally pleased with our performance in this recessionary period. We believe the Company is well positioned for growth in both revenues and profits as the general economy improves."
 Goldtex, Inc., headquartered in Goldsboro, N.C., is engaged in the printing, dyeing and finishing of fabrics for others on a commission basis.
 -0- 2/5/92
 /CONTACT: Wilbur O. Hopper, Goldtex, Inc., 919-736-7411/
 (GLTX) CO: Goldtex, Inc. ST: North Carolina IN: TEX SU: ERN


DF -- CH001 -- 6992 02/05/92 08:00 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:Feb 5, 1992
Words:266
Previous Article:CHASE PLANE ADVENTURE TO RIVAL VIRGIN EARTHWINDS BALLOON FLIGHT
Next Article:PERFORMANCE-BASED PAY AND STOCK OPTIONS ON THE RISE: ROBERT HALF SURVEY SUGGESTS BUSINESSES FAVOR TYING PERFORMANCE TO BOTTOM LINE
Topics:


Related Articles
GOLDTEX, INC. ANNOUNCES RESULTS
GOLDTEX ANNOUNCES CHANGES IN MANAGEMENT
GOLDTEX ANNOUNCES CHANGES IN MANAGEMENT
GOLDTEX ANNOUNCES ADOPTION OF NEW DIVIDEND POLICY AND DECLARATION OF FIRST DIVIDEND
GOLDTEX DECLARES DIVIDEND
GOLDTEX ANNOUNCES RESULTS
GOLDTEX, INC. ACQUIRES ROSEWOOD FABRICS OPERATION OF GUILFORD MILLS
TOMEN AMERICA TO ACQUIRE GOLDTEX THROUGH CASH MERGER
GOLDTEX AND TOMEN AMERICA ENTER INTO DEFINITIVE MERGER AGREEMENT
GOLDTEX ANNOUNCES THE COMPLETION OF ITS ACQUISITION BY TOMEN AMERICA

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