JACLYN REPORTS FINANCIAL RESULTS FOR FIRST QUARTER
JACLYN REPORTS FINANCIAL RESULTS FOR FIRST QUARTER WEST NEW YORK, N.J., Nov. 12 /PRNewswire/ -- Jaclyn, Inc.
(AMEX: JLN) today reported financial results for the first quarter ended Sept. 30, 1991.
Revenues for the first quarter were $19,368,000 as compared to last year's first quarter revenues of $18,717,000. Net earnings for this period were $602,000 or $.23 per share. This compares with $594,000 or $.21 per share a year ago. Allan Ginsburg, chairman of the board, stated that management has taken measures to respond to the current economic uncertainties. "Our costs have been trimmed, marketing strengthened and we have tightened our controls. We feel that with these changes, our results should improve this coming year." JACLYN, INC. Consolidated Statement of Earnings (Unaudited) For the first quarter ended Sept. 30, 1991 Three months ended Sept. 30 1991 1990 Revenues $19,368,000 $18,717,000 Earnings before income taxes 940,000 1,067,000 Income taxes 338,000 473,000 Net earnings 602,000 594,000 Average number of shares outstanding 2,652,436 2,801,477 Net earnings per common share .23 .21 -0- 11/12/91 /CONTACT: Murray Richman, treasurer of Jaclyn, 201-868-9400/ (JLN) CO: Jaclyn, Inc. ST: New Jersey IN: REA SU: ERN JT-KW -- NY029 -- 3376 11/12/91 10:36 EST
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|Date:||Nov 12, 1991|
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