Printer Friendly

SANMARK-STARDUST REPORTS FIRST QUARTER RESULTS

 SANMARK-STARDUST REPORTS FIRST QUARTER RESULTS
 NEW YORK, Nov. 13 /PRNewswire/ -- Sanmark-Stardust Inc. (AMEX: SMK)


today reported results for first quarter of fiscal 1993.
 For the first quarter ended Sept. 30, 1992, sales amounted to $31,551,000, vs. sales of $34,094,000 during the first quarter ended Sept. 30, 1991. During the recently ended first quarter net income amounted to $746,000, or $.05 per share, compared to net income of $1,004,000, or $.07 per share, in the first quarter of fiscal 1992.
 Commenting on the results, Mark M. David, chairman of Sanmark- Stardust, said, "While it is disappointing to be below the levels achieved in the prior year's first quarter, we are continuing to work diligently in a number of areas that we believe will bring about improvements in our operating results."
 Sanmark-Stardust's board of directors recently approved a measure to change the company's name to Movie Star, Inc. The change of name will be implemented in January 1993, subject to the approval of shareholders at the company's regularly scheduled annual meeting, to be held on Tuesday, Dec. 8, 1992.
 Sanmark-Stardust Inc. designs, manufactures, markets and sells an extensive line of ladies sleepwear, robes, leisurewear, loungewear, panties and daywear; men's work and leisure shirts; children's clothing; and also operates 25 retail outlet stores.
 SANMARK-STARDUST
 CONSOLIDATED STATEMENTS OF INCOME
 For the Three Months Ended Sept. 30,
 1992 1991
 Net sales $31,551,000 $34,094,000
 Net income $ 746,000 $ 1,004,000
 Net income per share $.05 $.07
 Weighted average number
 of shares outstanding 14,236,000 14,679,000
 -0- 11/13/92
 /CONTACT: Saul Pomerantz of Sanmark-Stardust Inc., 212-679-7260; or Barry A. Rothman of Greenstone Roberts Public Relations, 305-975-3500, for Sanmark-Stardust Inc./
 (SMK) CO: Sanmark-Stardust Inc. ST: New York IN: TEX SU: ERN


SS-JB -- FL007 -- 0582 11/13/92 09:55 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:Nov 13, 1992
Words:308
Previous Article:HUMANA DECLARES DIVIDEND AND ELIMINATES FUTURE DIVIDENDS
Next Article:HOYT NAMED SENIOR VICE PRESIDENT-MERCHANDISING AT HI/LO
Topics:


Related Articles
SANMARK-STARDUST REPORTS THIRD QUARTER RESULTS
SANMARK-STARDUST REPORTS FISCAL 1992 RESULTS
SANMARK-STARDUST TO CHANGE NAME TO MOVIE STAR, INC.
MOVIE STAR REPORTS SECOND QUARTER RESULTS
MOVIE STAR ANNOUNCES THE APPOINTMENT OF JERRY SANDAK TO ITS BOARD OF DIRECTORS
MOVIE STAR REPORTS THIRD QUARTER PROFIT; THIRD QUARTER SALES INCREASE 23 PCT.; NINE-MONTH NET INCOME UP 95 PCT.
BOYD GAMING CORP. ANNOUNCES FIRST QUARTER RESULTS
BOYD GAMING CORPORATION ANNOUNCES THIRD QUARTER RESULTS
Boyd Gaming Corporation Announces First Quarter Results
Boyd Gaming Reports Record Operating Cash Flow and Large Debt Reduction in First Quarter.

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