Printer Friendly

PEERLESS TUBE COMPANY ANNOUNCES FINANCIAL RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 1993

 BLOOMFIELD, N.J., Aug. 6 /PRNewswire/ -- Peerless Tube Company (AMEX: PLS) today reported net income for the quarter ended June 30, 1993, of $77,000 on sales of $9,688,000, compared to a net loss of $437,000 on sales of $7,648,000 in the second quarter of 1992.
 The net income per share for the second quarter ended June 30, 1993 was $0.03, compared to a net loss per share of $0.18 for the comparable period in 1992. For the six months ended June 30, 1993, the net loss was $447,000 on sales of $18,589,000 compared to a net income of $2,909,000 on sales of $15,151,000 for the same period in 1992. The net loss per share for the six months ended June 30, 1993 was $0.18, compared to a net income per share of $1.18 for six months ended June 30, 1992. The net income for the first nine months of 1992 included a net gain of $4,533,0000 from the sale of certain assets which occurred in January 1992.
 -0- 8/6/93
 /CONTACT: Paul "Pete" Peterik, vice president-finance of Peerless Tube Company, 201-743-5100, or fax, 201-743-6169/
 (PLS)


CO: Peerless Tube Company ST: New Jersey IN: SU: ERN

TM-TS -- NY052 -- 0424 08/06/93 16:40 EDT
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:Aug 6, 1993
Words:224
Previous Article:WESTERN RESOURCES ANNOUNCES SALE OF OPERATIONS
Next Article:HOECHST AZ PHOTORESIST PRODUCTS SUCCESSFULLY ACQUIRES MORTON'S SEMICONDUCTOR PHOTORESIST BUSINESS

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