The American Materials & Technologies Corp.
Announces Net Earnings Up $1.4 Million During First
Nine Months of Fiscal Year `96
Monday, November 11, 1996 6:35 AM
LOS ANGELES, Nov. 11 /PRNewswire/ -- The American Materials &
Technologies Corp. announced today earnings of $299,633, or $.08 per share
before extraordinary items, and $271,047, or $.07 per share after extraordinary
items, for the third quarter of 1996. This can be compared to a loss of $369,609
for the same period in 1995. This is an improvement of $640,656. Sales for this
third quarter were $5.7 million, a 41% increase over the corresponding quarter in
1995. Sales have increased to $16.4 million in the first three quarters of this year,
a figure which corresponds to a 36.3% increase over 1995. Earnings for the first
nine months before Extraordinary items are $685,190, or $0.27 per share and
$656,604 or $0.26 per share after extraordinary items, compared to a loss of
$696,887 in the first nine months of 1995; this is an improvement of $1,353,491. |
