Printer Friendly

THE LOEWEN GROUP INC. ANNOUNCES FIRST QUARTER FINANCIAL RESULTS

 THE LOEWEN GROUP INC. ANNOUNCES FIRST QUARTER FINANCIAL RESULTS
 BURNABY, British Columbia, May 19 /PRNewswire/ -- The Loewen Group Inc. (NASDAQ: LWNGF; Toronto: LWN) announced today that during the first three months of 1992 revenue and earnings showed continued growth compared with the first three months of 1991. Revenue increased 35.2 percent to $69.2 million from $51.2 million and earnings increased 47.7 percent to $6.5 million from $4.40 million. Basic earnings per share increased 33.3 percent to $0.20 per share from $0.15 per share, while fully diluted earnings per share for the three-month period increased 33.3 percent to $0.20 per share from $0.15 per share.
 During the first quarter, the company expended a total of $35.3 million on the purchase of 18 funeral homes and 10 cemeteries and one crematorium in Mississippi, California, New York, North Carolina, Georgia, Illinois, Kentucky, Ohio, Texas, and Virginia.
 Since the end of the first quarter, the company has expended $9.3 million on the purchase of six funeral homes in three states.
 The company has also committed $23.4 million to the purchase of 20 funeral homes in 11 states. These are expected to close within the next two months.
 The Loewen Group Inc. is the largest funeral service corporation in Canada and the second largest in North America, and currently owns and operates 389 funeral homes, 33 cemeteries, 15 crematoria, four ambulance services and three small insurance companies.
 -0- 5/19/92
 /CONTACT: Robert Lundgren, Senior VP-finance and corporate development of the Loewen Group, 604-299-9321/
 (LWNGF) CO: Loewen Group Inc. ST: British Columbia IN: SU: ERN


EH -- LA026 -- 2066 05/19/92 17:34 EDT
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:May 19, 1992
Words:284
Previous Article:NATIONAL VISION ASSOCIATES COMMENCES INITIAL PUBLIC OFFERING
Next Article:AUDIOSCIENCE ANNOUNCES CLINICAL TESTING
Topics:


Related Articles
THE LOEWEN GROUP INC. ANNOUNCES THIRD QUARTER FINANCIAL RESULTS
THE LOEWEN GROUP ANNOUNCES SECOND QUARTER FINANCIAL RESULTS
THE LOEWEN GROUP ANNOUNCES THIRD QUARTER FINANCIAL RESULTS
THE LOEWEN GROUP INC. ANNOUNCES FIRST QUARTER FINANCIAL RESULTS
THE LOEWEN GROUP ANNOUNCES 23RD CONSECUTIVE INCREASE IN QUARTERLY EARNINGS
LOEWEN GROUP ANNOUNCES SECOND QUARTER RESULTS
LOEWEN GROUP REVENUE RISES 43.6 PERCENT
The Loewen Group Announces Record Third Quarter
Loewen Group reports first quarter 1999 results.
The Loewen Group Reports Improved Third Quarter Results.

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