PDG Environmental Announces Year End EPS $0.17 -- Revenues Up
52%
MONROEVILLE, Pa., March 17 /PRNewswire/ -- PDG Environmental, Inc. (OTC Bulletin Board: PDGE - news) today
announced consolidated results for fourth quarter and fiscal year ending January 31, 1998. Revenue for the quarter increased
86% to $8,607,000, as compared to $4,635,000 during the same prior year period. Net income during the quarter was
$457,000, or $0.06 per share, as compared to net income of $279,000, or $0.05 per share for the comparable period last
year.
Revenue for the year ending January 31, 1998 increased 52% to $24,610,000 as compared to $16,183,000 during the prior
fiscal year. For the year, the Company reported a net income of $1,240,000, or $0.17 per share, a marked improvement over
last year's net loss of $486,000, or $0.09 per share. The net loss in the prior period included a loss of $302,000 or $0.05
per share from discontinued operations.
John Regan, Chairman and CEO, commented, ''The dramatically improved results achieved in 1997 are a direct result of the
action plan PDG Environmental instituted in mid-1996. We are entering 1998 with very positive momentum, a near record
backlog, six consecutive quarters of increasing profitability and certain strategic alliances, all of which will help fuel
continued substantial growth in 1998.''
PDG Environmental, Inc. is a leading provider of asbestos abatement and related services dedicated to assisting its
commercial, industrial and governmental clients in complying with environmental laws and regulations. For additional
information on the company, please see www.pdge.com. |
