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
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|Date:||Feb 5, 1992|
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