At least the CEO of this shell knows how to run a business that makes money. Net income up 61%, not bad. Maybe he can do something for HVST.
(COMTEX) B: JLM Couture Earnings Up 61 Percent in Fiscal 1999
B: JLM Couture Earnings Up 61 Percent in Fiscal 1999
NEW YORK, Feb 2, 2000 (BUSINESS WIRE) -- JLM Couture, Inc. (NASDAQ:
JHPC), a designer, manufacturer and marketer of wedding apparel, today
said that, for the fiscal year ended October 31, 1999, the Company had
record net revenues of $18,097,989, a 15 percent increase on the net
revenues of $15,704,889 reported a year ago. The Company had record net
income for fiscal 1999 of $880,169, or $.44 per basic share (or $.43
diluted), a 61 percent improvement on the net income of $547,108, or
$.30 per basic share (or $.28 diluted), for fiscal 1998.
JLM Couture president and chief executive officer, Joseph L. Murphy,
said the company's record sales and earnings were attributable to
several factors, including sales growth of the company's various
product lines in both the United States and in Europe.
JLM Couture, Inc. founded in 1987 and based in New York City, is the
nation's only publicly traded manufacturer of wedding apparel. The
Company's lines include Occasions, the industry's first bridesmaids
appropriate for other social occasions in addition to the wedding;
Lazaro, a contemporary bridal rendition of the finest in classic
European bridal styling; Visions, a moderately priced bridal line
featuring the finest in contemporary design; Jim Hjelm Couture,
contemporary bridal designs offering the finest fabrics, and Alvina
Valenta, the newest look in elegant upscale contemporary-classic
styling.
Consolidated Statement of Operations
For the Years Ended
October 31, 1999 and October 31, 1998
October 31, October 31,
1999 1998
Revenues $18,097,989 $15,704,889
Pre-Tax Income 1,548,738 914,051
Net Income 880,169 547,108
Earnings Per Common Share
Basic .44 .30
Diluted .43 .28
Weighted Average Number of
Common and Common Equivalent
Shares Outstanding
Basic 2,003,735 1,833,827
Diluted 2,054,517 1,956,093
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: JLM Couture, Inc., New York
Joseph L. Murphy, President
212/921-7058
WEB PAGE: businesswire.com
GEOGRAPHY: NEW YORK
INDUSTRY CODE: APPAREL/TEXTILES
RETAIL
EARNINGS
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