Printer Friendly

LCS INDUSTRIES, INC. REPORTS SALES AND EARNINGS FOR ITS FISCAL YEAR ENDED SEPT. 30, 1993

 CLIFTON, N.J. Dec. 10 /PRNewswire/ -- LCS industries, Inc. (NASDAQ: LCSI), a direct marketing services company, announced today financial results for its fiscal year ended Sept. 30, 1993 as follows:
 Periods ended Sept. 30 Three Months Twelve Months
 1993 1992 1993 1992
 Revenue $15,047,187 $12,003,621 $53,002,153 $46,786,428
 Income (loss)
 before taxes (A) $(682,996) $369,504 $1,092,651 $2,290,559
 Provision for taxes $(284,000) $162,000 $467,000 $965,000
 Net income (loss) $(398,996) $207,504 $625,651 $1,325,559
 Per share $(.21) $.13 $.36 $.82
 Weighted average number of
 shares outstanding 1,891,265 1,614,530 1,756,878 1,618,135
 NOTE: (A)Income before taxes was reduced in the three months and twelve months ended Sept. 30, 1993 by approximately $1,050,000 of charges resulting from 1) the costs of closing an unprofitable operation, 2) a reserve for litigation costs to recover certain amounts owed to the company and 3) reduced profit margins on certain jobs processed during the quarter.
 -0- 12/10/93
 /CONTACT: Michael Nuremberg, vice president-finance and treasurer of LCS Industries, Inc., 201-778-5588/
 (LCSI)


CO: LCS Industries, Inc. ST: New Jersey IN: SU: ERN

TM -- NY090 -- 2831 12/10/93 18:02 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 10, 1993
Words:214
Previous Article:PMSC SIGNS $150 MILLION NORDIC OUTSOURCING AGREEMENT
Next Article:TRANS UNION AGREES TO PROVIDE CREDIT BUREAU SERVICES IN MEXICO
Topics:

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