NABI
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
($ Thousands, Except Per Share Data)
NABI Result Part 2:
(UNAUDITED)
For the Quarters Ended
March 31,
1996 1997
Sales $58,552 $56,377
Costs and expenses:
Cost of products sold 44,839 43,185
Research and development expense 4,390 3,798
Selling, general, administrative
and other expense 7,282 6,543
Operating income 2,041 2,851
Interest and other income 326 187
Interest and other expense (891) (987)
Income before provision for income taxes and
extraordinary charge 1,476 2,051
Provision for income taxes (59) (701)
Income before extraordinary charge 1,417 1,350
Extraordinary charge (932) --
Net income $485 $1,350
Earnings per share:
Income before extraordinary charge $0.04 $0.04
Extraordinary charge ($0.03) ---
Net income $0.01 $0.04
Weighted average number of shares and
common share equivalents (thousands) 35,710 35,613
SOURCE Nabi
CONTACT: David J. Gury, Chairman, President and CEO, or Alfred J.
Fernandez, Sr. VP, CFO of Nabi, 561-989-5800, or Lucy L. Morrison, Manager of
Feinstein Partners Inc., 617-577-8110 |
