EIFH shows a profit
American Eco owns a substantial portion of this company and there
were some that worried that the company might have continued losses.
From today's filing
freeedgar.com
Three months ended December 31st.
1997 1996
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Revenue........................................... $ 10,453,400 $ 3,389,944
Cost of revenue................................... 7,808,302 2,211,680
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Gross profit..................................... 2,645,098 1,178,264
Selling, general and administrative expenses...... 1,885,667 2,422,463
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759,431 (1,244,199)
Other:
Other income..................................... (53,668) --
Interest expense................................. 536,096 387,028
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Income (loss) before income taxes................ 277,003 (1,631,227)
Income taxes...................................... 20,000 --
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Income (loss) from continuing operations.......... 257,003 (1,631,227)
(Loss) from discontinued operations............... -- (5,035,795)
------------ -------------
Net income (loss) ................................ $ 257,003 $ (6,667,022)
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Net income (loss) per share....................... $ 0.01 $ (0.27)
============ =============
Weighted average number of common
shares outstanding.............................. 24,618,201 24,618,201
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