Printer Friendly

MAGNETECH CORPORATION REPORTS IMPROVED SALES, EARNINGS

 MAGNETECH CORPORATION REPORTS IMPROVED SALES, EARNINGS
 FORT LAUDERDALE, Fla., Jan. 24 /PRNewswire/ -- Magnetech Corporation (NASDAQ: TAPE.Q) announced sales for the six months ended Dec. 31, 1991 of $2,424,036, up 61 percent over the $1,491,208 for the same period in 1990. Net income was $150,178 vs. $133,598 for the year earlier period. Management expects revenues and earnings to increase steadily over the remaining six months of the current fiscal year.
 MAGNETECH CORPORATION
 Six Months Ended
 Dec. 31,
 1990 1991
 SALES $1,491,208 $2,424,036
 INCOME BEFORE TAXES 215,598 242,233
 NET INCOME $ 133,598 $ 150,178
 -0- 1/24/92
 /CONTACT: Donald E. Courtney of Magnetech Corporation, 305-835-2214/
 (TAPE.Q) CO: Magnetech Corporation ST: Florida IN: SU: ERN


AW-SS -- FL007 -- 3379 01/24/92 14:52 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:Jan 24, 1992
Words:136
Previous Article:STANDARD PACIFIC CORP. ANNOUNCES THE FILING OF A SHELF REGISTRATION STATEMENT
Next Article:NRL SIGNS LICENSING AGREEMENT WITH USAT


Related Articles
MAGNETECH ANNOUNCES NEW PLANT EXPANSION INTO THE MIDWEST
MAGNETECH CORPORATION REPORTS HIGHER REVENUES, EARNINGS
MAGNETECH REPORTS HIGHER REVENUES, EARNINGS
MAGNETECH CORPORATION REPORTS HIGHER REVENUES, EARNINGS
MAGNETECH CORPORATION REPORTS HIGHER SALES, EARNINGS
MAGNETECH REPORTS THIRD QUARTER RESULTS
MAGNETECH TO DO VIDEO DUPLICATION FOR U.S. NEWS
MAGNETECH REPORTS BIG JUMP IN REVENUES
MAGNETECH REPORTS JUMP IN REVENUES AND EARNINGS
MAGNETECH APPLIES FOR COMMON STOCK LISTING ON NMS

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