Printer Friendly

PROVENA FOODS INC. REPORTS EARNINGS

 PROVENA FOODS INC. REPORTS EARNINGS
 CHINO, Calif., Jan. 27 /PRNewswire/ -- Provena Foods Inc.


(AMEX: PZA) reports fourth quarter and full year results.
 PROVENA FOODS INC.
 Condensed Statements of Operations
 (Dollar Amounts in Thousands, Except Per Share Data)
 (Unaudited)
 3 Months Ended 12 Months Ended
 Dec. 31, Dec. 31,
 1991 1990 1991 1990
 Net sales $6,698 8,564 30,080 32,663
 Cost of
 sales 6,463 7,723 27,505 29,462
 Gross
 profit 235 841 2,575 3,201
 Operating
 expenses:
 Distribution
 General and
 administra-
 tive 497 436 1,980 1,773
 Operating
 income (loss) (262) 405 595 1,428
 Interest
 expense, net (21) (6) (163) (20)
 Other income,
 net 20 28 64 46
 Earnings (loss) before
 income tax (263) 427 496 1,454
 Income tax
 expense (benefit) (121) 163 182 579
 Earnings (loss)
 from continuing
 operations (142) 264 314 875
 Earnings from dis-
 continued operations,
 net of income
 tax 474 44 476 47
 Net earnings $332 308 790 922
 Earnings (loss) per
 share:
 From continuing
 operations ($.05) .10 .12 .34
 From discontinued
 operations (a) .18 .02 .18 .02
 Total earnings
 per share .13 .12 .30 .36
 Weighted average
 number of shares
 outstanding 2,610,778 2,583,322 2,597,980 2,583,774
 (a) Discontinued operations is Sav-On Food Co. food distribution business sold Sept. 30, 1991, and includes sale of the Sav-On warehouse building Dec. 27, 1991 for an after-tax gain of $475,056.
 -0- 1/27/92
 /CONTACT: Jim Bolton of Provena Foods, 714-627-1082/
 (PZA) CO: Provena Foods Inc. ST: California IN: FOD SU: ERN


DM-TM -- LA018 -- 3787 01/27/92 13:09 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 27, 1992
Words:270
Previous Article:ELECTROMAGNETIC SCIENCES, INC. ANNOUNCES FINANCIAL RESULTS FOR 1991
Next Article:PE ANNOUNCES IMPROVED FINANCIAL RESULTS FOR 1991 AND DECLARES FIRST QUARTER DIVIDEND
Topics:


Related Articles
MICHAEL FOODS REPORTS HIGHER NET EARNINGS FOR YEAR; LOWER FOR FOURTH QUARTER
PROVENA FOODS REPORTS SECOND QUARTER RESULTS
MAPLE LEAF FOODS REPORTS INCREASE IN NET EARNINGS FOR THIRD QUARTER ENDED SEPT. 30, 1992
PROVENA FOODS INC. REPORTS FOURTH QUARTER AND FULL-YEAR RESULTS
MICHAEL FOODS REPORTS 1992 RESULTS
PROVENA FOODS INC. REPORTS FIRST QUARTER RESULTS
PROVENA FOODS INC. REPORTS THIRD QUARTER RESULTS
PROVENA FOODS INC. REPORTS 4TH QTR. AND FULL YEAR RESULTS
Provena Foods Inc. Reports First Quarter Results
Provena Foods Inc. Reports Second Quarter Results

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters