PVC CONTAINER REPORTS FIRST QUARTER RESULTS FOR THE PERIOD ENDED SEPT. 30, 1991
PVC CONTAINER REPORTS FIRST QUARTER RESULTS
FOR THE PERIOD ENDED SEPT. 30, 1991
EATONTOWN, N.J., Dec. 13 /PRNewswire/ -- PVC Container Corporation (NASDAQ: PVCC) announced today its first quarter results as follows:
PVC CONTAINER CORPORATION
Three months ended Sept. 30: 1991 1990
Net sales $9,188,105 $6,924,999
Income from operations 662,775 273,913
Income before provisions
for taxes 557,734 111,740
Net income 344,734 70,840
Earnings per share $.05 $.01
Phillip L. Friedman, president and chief executive officer noted, "Export sales volume of PVC compound produced by our Novatec Plastics subsidiary during the quarter, and overall strong demand for plastic bottles, boosted revenues and profits during the period."
PVC Container Corporation, located in Eatontown, is a major producer of plastic containers for the packaging industry. Its wholly owned subsidiary, Novatec Plastics & Chemicals Company Inc., is a leading supplier of PVC compounds and plastic alloys in the United States. Novablend and Novaloy are registered trademarks of PVC Container Corporation.
/CONTACT: Debbie Napolitano of PVC Container Corp., 908-542-0060/
(PVCC) CO: PVC Container Corporation ST: New Jersey IN: SU: ERN TS-SM -- NY033 -- 2387 12/13/91 13:06 EST