Hoenig Group Inc. 4Q Net 15c/Diluted Shr Vs 11c
Hoenig Group Inc. - Rye Brook, N.Y.
4th Quar Dec. 31:
1998 1997
Revenue $22,613,667 $20,543,606
Net income a 1,391,443 1,037,094
Avg shrs (basic) 8,545,999 9,220,225
Avg shrs (diluted) 9,208,643 9,633,270
Shr earns (basic)
Net income a .16 .11
Shr earns (diluted)
Net income a .15 .11
Year:
Revenue 83,944,181 76,315,334
Net income a 4,685,719 3,579,664
Avg shrs (basic) 8,808,765 9,397,742
Avg shrs (diluted) 9,446,012 9,771,257
Shr earns (basic)
Net income a .53 .38
Shr earns (diluted)
Net income a .50 .37
a. Includes an after-tax restructuring charge of $200,000, or 2 cents a share. Excluding charge,
operating income for the quarter was 17 cents a diluted share.
Hoenig Group Inc. (HOEN) expects to incur additional non-recurring operating expenses of about
$300,000 in the first quarter until restructuring of its Tokyo brokerage operations is completed in
March.
Hoenig provides global securities brokerage.
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