WESTERN ENERGY MANAGEMENT REPORTS RESULTS OF OPERATIONS FOR QUARTER ENDED SEPT. 30, 1991
WESTERN ENERGY MANAGEMENT REPORTS RESULTS OF OPERATIONS
FOR QUARTER ENDED SEPT. 30, 1991
SACRAMENTO, Calif., Nov. 14 /PRNewswire/ -- Western Energy Management, Inc. (AMEX: WEM), reported today results of operations for the three months ended Sept. 30, 1991.
WESTERN ENERGY MANAGEMENT, INC.
Results of Operations
Three months ended Sept. 30 1991 1990
Sales $1,947,000 $ 596,000
Net income/(loss) $ (287,000) $ 64,000
Earnings/(loss) per common share $ (0.05) $ 0.02
The company's loss for the quarter was largely attributable to delays relating to two major contracts. These delays have been resolved, and activity on these projects is expected to increase throughout the balance of the fiscal year.
/CONTACT: Don Clark, vice chairman of Western Energy Management, 916-331-2882; or Herb Lanzet, 212-687-0061, for Western Energy Management/
(WEM) CO: Western Energy Management, Inc. ST: California IN: OIL SU: ERN FC-GK -- NY014 -- 4256 11/14/91 08:45 EST