Printer Friendly

S.O.I. INDUSTRIES, INC. REPORTS SHARPLY HIGHER SALES, EARNINGS

 FORT LAUDERDALE, Fla., Oct. 19 /PRNewswire/ -- S.O.I. Industries, Inc. (NASDAQ: LAMP) reports first quarter revenues doubled to $7,886,810 vs. $3,894,847 reported in 1992. Operating profits jumped to $544,232 vs. $24,533 in 1992 and net income after taxes and minority interest rose to $181,907 or 2 cents per share vs. a loss of $25,476 in 1992. Back-logs continue at all time highs with both the Indianapolis and Florida video duplication plants operating 24 hours a day, 7 days per week.
 S.O.I. INDUSTRIES, INC.
 1st Quarter ended
 Sept. 30
 1993 1992
 Sales $7,886,810 $3,894,847
 Income Before Taxes and
 Minority Interest 544,232 24,533
 Provision For Taxes 195,400 4,393
 Minority Interest 166,925 45,616
 Net Income (Loss) $ 181,907 $ (25,476)
 Per Share $ .02 $ ---
 -0- 10/19/93
 /CONTACT: Don Courtney of S.O.I. Industries, 305-835-2214/
 (LAMP)


CO: S.O.I. Industries ST: Florida IN: SU: ERN

JB-JV -- FL006 -- 3783 10/19/93 09:12 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:Oct 19, 1993
Words:174
Previous Article:HOME SHOPPING NETWORK TO ESTABLISH NEW YORK OFFICE
Next Article:DELOITTE & TOUCHE 1993 ANNUAL REPORT OFFERS ASSESSMENTS AND OPINIONS ON KEY BUSINESS ISSUES

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