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STV GROUP, INC. REPORTS $145,000 NET PROFIT FOR THE THIRD QUARTER OF FISCAL 1993

    POTTSTOWN, Pa., Aug. 5 /PRNewswire/ -- STV Group, Inc., consulting engineers, architects, planners and construction managers, today reported a net profit of $145,000 on total revenues of $21,749,000 for its third quarter of fiscal 1993, which ended June 30, 1993.
    In fiscal 1992, the firm reported a net loss from operations of $81,000 on total revenues of $20,482,000.
     Income per common share was 9 cents for the third quarter of fiscal 1993, as compared to a net loss per common share of 6 cents for the third quarter of fiscal 1992.
    The company is continuing its strong marketing efforts in a slowly improving economy.  It said it is encouraged by the results in the first nine months in this fiscal year and it expects this trend to continue.
                        STV ENGINEERS, INC.
                         Financial Summary
                  (Unaudited; Amounts in Thousands)
    Periods ended           Three months                Nine months
    June 30               1993         1992           1993        1992
    Total Revenues      $21,749      $20,482        $65,711     $55,839
    Less Pass-through
     Costs                5,595        6,401         18,215      14,238
    Net Engineering
     Revenues for
     Work Performed     $16,154      $14,081        $47,496     $41,601
    Net Income          $   145      $  (81)        $   466     $  (57)
    Earnings Per Common
     Share:
     Primary Earnings
      Per Share         $   .09      $ (.06)         $  .29      $(.04)
    Average Common
     Shares           1,625,599    1,572,265      1,625,599   1,572,265
    /delval/
    -0-             08/05/93
    CONTACT:  Debra Trace of the STV Group, 215-326-4600
    (STVI) CO:  STV GROUP, INC. SU:  ERN ST:  PA


-- PH025 -- X348 08/05/93
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Publication:PR Newswire
Date:Aug 5, 1993
Words:249
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