To All: Here is an excerpt of the financials for those unable to access, if full copy is required please provide e-mail address and I will mail a .txt file copy. James
SARATOGA BRANDS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED
DECEMBER 31,
1996 1995
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Net sales $14,694,985 $11,009,018
Cost of sales 10,496,975 7,960,328
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Gross profit 4,198,010 3,048,690
Selling, general and administrative expenses (Note 12) 3,348,061 2,074,303
Amortization of excess of cost over fair value of
assets acquired 193,865 211,923
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Income from operations before interest and income taxes 656,084 762,464
Interest expense - net 541,642 481,423
Income taxes (Note 7) 600 0
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Net earnings from operations 113,842 281,041
Earnings (loss) from discontinued businesses (973,469) 167,690
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Net Earnings (loss) $ (859,627) $ 448,731
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EARNINGS (LOSS) PER COMMON SHARE
Earnings from continuing operations $ 0.02 $ 0.14
(Loss) earnings from discontinued business $ (0.16) $ 0.08
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Total Earnings (loss) per share $ (0.14) $ 0.22
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Weighted average shares used in computation 6,279,683 1,999,772 |
