KEPTEL ANNOUNCES QUARTER END EARNINGS
KEPTEL ANNOUNCES QUARTER END EARNINGS TINTON FALLS, N.J., April 16 /PRNewswire/ -- Keptel Inc.
(NASDAQ: KPTL) announced today earnings for the quarter ended March 31, 1992 of $572,000 or $.12 per share on revenues of $11,616,000; the strongest earnings quarter for the company in eight quarters.
Richard K. Laird, president and CEO said, "The full effects of the company's previously announced reorganization are now beginning to very positively boost earnings. Although revenues during the quarter were relatively flat compared with the first quarter, lower overall expenses coupled with increased production at the company's new factories in El Paso, Texas and Juarez, Mexico served to further strengthen earnings." "Looking ahead," Laird said, "The general strengthening of the economy together with new products coming this summer and fall, all now sharply focused toward the Bell telephone marketplace positions the company for continued growth as the future unfolds. Keptel, Inc. headquartered in Tinton Falls, has facilities in Addison, Ill., El Paso, Texas and Juarez, Mexico. Keptel, Inc. designs, manufacturers and markets a diversified range of telecommunications and CATV test and transmission equipment. KEPTEL INC. Comparative Statements of Income Periods ended Quarter Six Months March 31 1992 1991 1992 1991 Net sales $11,616,000 $12,052,000 $23,382,000 $23,876,000 Income before income taxes 1,002,000 390,000 1,840,000 939,000 Provision for income taxes 430,000 165,000 765,000 395,000 Net income 572,000 225,000 1,075,000 544,000 Earning Per Share: Primary $0.12 $0.05 $0.23 $0.12 Fully diluted $0.12 $0.05 $0.23 $0.12 Average Shares Outstanding Primary 4,688,898 4,663,062 4,673,025 4,654,598 Fully diluted 4,985,683 5,032,197 4,975,156 5,022,757 -0- 4/16/92 /CONTACT: Richard K. Laird of Keptel, 908-389-8800/ (KPTL) CO: Keptel Inc. ST: New Jersey IN: SU: ERN
TS-SM -- NY063 -- 9303 04/16/92 12:28 EDT
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|Date:||Apr 16, 1992|
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