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Microcap & Penny Stocks : Synergy Brands-SYBR (was KRAN)
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To: Larry Davis who wrote ()5/14/1996 8:03:00 PM
From: Larry Davis   of 1026
 
Found this information from a business wire report that was on
America Online. If you should find inaccuracy, please post...

KRAN reported net sales of approx. 47 million for the fiscal
year ended Dec.31,1995, an increase of approx. 47 percent over
net sales for the fiscal year ended Dec.31,1994.
KRAN also reported record earnings of approx. 553K for the
fiscal year ended Dec.31,1995, as compared to a loss of approx.
572K for the fiscal year ended Dec.31,1994.
Net income per share, after adjustment for the payment of
preferred stock dividends, was $.07 per share, as compared to a
net loss of $.26 per share for the 1994 fiscal year.
The following charges reduced the company's net income by
approx. $620K or $.13 per share.
(1) Approx. $240K loss in connection with the company's
expansion into specialty food products.
(2) Approx. $160K expenses in connection with 2 intended
acquistions that the company abandoned in the 4th qtr.
(3) Payment of preferred stock dividends of $220K.
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