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RADIX VENTURES REPORTS EARNINGS

 RADIX VENTURES REPORTS EARNINGS
 NEW YORK, Dec. 11 /PRNewswire/ -- Radix Ventures, Inc. and


Subsidiaries today announced unaudited consolidated results for the three months ended Oct. 31, 1991.
 RADIX VENTURES, INC. AND SUBSIDIARIES
 Consolidated Statements of Income
 Three months ended Oct. 31; 1991 1990
 Gross billings $97,237,641 $102,267,794
 Less duty, freight and
 other direct costs 90,020,659 95,027,948
 Net fees and commissions 7,216,982 7,239,846
 Operating expenses 6,914,725 7,000,944
 Operating income 302,257 238,902
 Interest expense, net (65,226) (88,428)
 Equity in loss of unconsolidated
 foreign subsidiary (29,079) --
 Income before income taxes 207,952 150,474
 Income taxes 81,301 60,189
 Total 126,651 90,285
 Net income per share
 (based on 771,500 shares outstanding) 0.16 0.12
 -0- 12/11/91
 /CONTACT: Pierre L. Schoenheimer, chairman of Radix Ventures, 212-697-9141/ CO: Radix Ventures, Inc. ST: New York IN: SU: ERN FC-OS -- NY056 -- 1525 12/11/91 13:51 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 11, 1991
Words:169
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