On March 4th, ABIX released its 1998 financial results, which were
capped off by a very strong fourth quarter. To "cut to the chase",
earnings per share increased 39% for the year.
Three Months Ended Year Ended
December 31, December 31,
1998 1997 1998 1997
---------- ---------- ----------- -----------
Net sales $9,056,645 $7,888,648 $37,327,629 $34,955,477
Net earnings $317,067 $254,664 $1,167,409 $841,106
Basic and diluted
earnings per share $ .16 $ .13 $.60 $.43
Although TNL had been looking for a reasonably strong fourth quarter,
the Company's actual results exceeded expectations by a wide margin.
Additional information, including an in-depth Analysis of the stock
can be found at napeague.com . |
