SUPRADUR COMPANIES REPORTS RESULTS
SUPRADUR COMPANIES REPORTS RESULTS RYE, N.Y., May 15 /PRNewswire/ -- Supradur Companies, Inc.
(NASDAQ: SUPD) today reported the results of its operations for the first quarter of 1992.
Sales for the quarter ended March 29, 1992 increased 11 percent to $6,257,000 as compared to $5,633,000 in 1991. The company incurred a consolidated net loss during the period of $726,000 or $.80 per common share compared to a net loss for the same quarter in 1991 of $1,133,000 or $1.25 per share. Included in the current quarter is a one-time gain of $259,000 attributable to the adoption of FASB No. 109 "Accounting for Income Taxes." Supradur Companies, Inc. is a diversified company with operating divisions throughout the United States, Canada and Europe. SUPRADUR COMPANIES, INC. Consolidated Statement of Operations (Unaudited) First quarter ended 3/29/92 3/31/91 Sales $ 6,257,000 $ 5,633,000 Consolidated operating (loss) Before income taxes and cumulative effect of accounting change ($1,180,000) ($1,230,000) Income taxes (195,000) (97,000) Cumulative effect of accounting change 259,000 -- Consolidated loss (726,000) (1,133,000) (Loss) per common share ($.80) ($1.25) Average shares outstanding 906,500 906,500 -0- 5/15/92 /CONTACT: David M. Petulla, vice president of Supradur Companies, 914-967-8230/ (SUPD) CO: Supradur Companies, Inc. ST: New York IN: SU: ERN
TQ-OS -- NY047 -- 0697 05/15/92 11:18 EDT
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|Date:||May 15, 1992|
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