NYCOR REPORTS RESULTS
NYCOR REPORTS RESULTS BASKING RIDGE, N.J., April 20 /PRNewswire/ -- NYCOR, Inc.
(NASDAQ: NYCOA) today reported that interest and other income for the first quarter of 1992 ended March 31 increased 39 percent to $2,284,800 from $1,643,000 a year ago. Net income increased 51 percent to $1,733,000, compared with $1,144,000 in the first quarter of the prior year. Earnings per share doubled in the 1992 quarter, after payment of preferred stock dividends, to 18 cents per share from 9 cents per share one year earlier.
Pending acquisition of manufacturing operations, NYCOR revenues are comprised primarily of interest income. Stockholders' equity per share totaled $7.95, fully diluted, at March 31, 1992. NYCOR has no debt, and at March 31 the balance sheet included cash, notes receivable and marketable securities totaling $74.0 million. NYCOR, Inc. (Amounts in Thousands, Except Per Share Data) Quarter ended March 31: 1992 1991 Interest and other income $2,284 $1,643 Net income $1,733 $1,144 Net income per share $ 0.18 $ 0.09 Weighted average shares 6,890 7,042 Balance Sheet Highlights at March 31, 1992 (millions) Cash, notes receivable and marketable securities $ 74.0 Total debt --- Stockholders' equity $ 75.0 Stockholders' equity per share (fully diluted) $ 7.95 -0- 4/20/92 /NOTE TO EDITOR: Please be advised that the correct presentation of the NYCOR name is in all capital letters -- NYCOR, Inc./ /CONTACT: Barbara VanBlarcum of NYCOR, 908-953-8200/ (NYCOA) CO: NYCOR Inc. ST: New York IN: SU: ERN
SH -- NY038 -- 9994 04/20/92 11:13 EDT
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|Date:||Apr 20, 1992|
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