Genl Cigar Holdings 2Q Net 22c A Share Vs 9c >MPP
Dow Jones News Service ~ July 8, 1997 ~ 9:38 am EST
(MORE) DOW JONES NEWS 07-08-97
9:38 AM
General Cigar Holdings Earnings -2: 2Q Financial Table >MPP
General Cigar Holdings Inc. - New York
2nd Quar May 31:
1997 1996
Revenues $58,908,000 $34,851,000
Net income 6,390,000 2,650,000
Avg shrs -a,b 28,700,000 28,200,000
Shr earns
Net income -a .22 .09
a. Pro forma. Company went public in February 1997.
b. Based on the number of class A and class B shares and equivalents outstanding
after the initial public offering of class A common stock on Feb. 28.
(MORE) DOW JONES NEWS 07-08-97
9:59 AM
General Cigar Holdings Earnings -3: 6-Mos
Fincl Table >MPP
6 Months May 31:
1997 1996
Revenues $108,706,000 $63,683,000
Net income 10,667,000 5,045,000
Avg shrs -a,b 28,450,000 28,200,000
Shr earns
Net income -a .37 .18
a. Pro forma. Company went public in February 1997.
b. Based on the number of class A and class B shares and equivalents outstanding
after the initial public offering of class A common stock on Feb. 28.
General Cigar Holdings Inc. (MPP) said it is exploring further production capacity
expansions beyond its earlier plans, which could come on line in 1998.
The cigar manufacturer and marketer said rising tobacco costs could moderate its
future margin growth.
(END) DOW JONES NEWS 07-08-97
10:08 AM |
