Earnings continued:
SPECTRAN CORPORATION AND SUBSIDIARY COMPANIES
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
In thousands except per share amounts
(Unaudited)
For the Three Months Ended
March 31,
1997 1996
Net Sales $16,228 $13,472
Cost of Sales 9,686 8,716
Gross Profit 6,542 4,756
Selling & Administrative Expenses 3,982 2,819
Research & Development Costs 781 909
Income from Operations 1,779 1,028
Other Income (Expense):
Interest Income 276 68
Interest Expense (353) (186)
Other (53) 33
(130) (85)
Income before Taxes 1,649 943
Income Tax Expense 567 259
Income before Equity in Joint Venture 1,082 684
Income from Joint Venture 40 --
Net Income $1,122 $684
Weighted Average Number of Shares of
Common Stock Outstanding 6,623 5,750
Net Income per Common Share $.17 $.12
CONTACT: Bruce Cannon
(508) 347-2261
or
Michael Polyviou
Thomas D. Gibson, Media Consultant
Porter, Le Vay & Rose, Inc.
(212) 564-4700 |
