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Non-Tech : LIFEWAY FOODS (LWAY)

LWAY 22.08

+1.1%

12:10 PM EST

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To: Holly R. who wrote (210)	3/31/1998 5:26:00 PM
From: mark cox	Read Replies (1) of 352

I just did a quick computation. For the 4th quarter only: Revenues: + 19.8% EPS: -27% Actual just the 4th quarter: Revenues: $1,568,677 Earnings: $72,305 EPS: $0.019 As I have said previously I was going to be looking more at revenues than earnings. I didn't expect the earnings to be impacted as much by the new facility so I was surprised to the low side. But the 19.8% growth in revenues tells the real story of what is happening. The 19.8% growth in revenues for just the 4th quarter is double the growth rate of the previous 9 months without the new facility. The new facility was open for only about 3/4 of the 4th quarter. So I am happy with that. More product is being sold. I have to go out for dinner so I will be back on later tonight around 11 pm. I will begin my analysis of the 10K at that time. It will take a while to get it done. Mark

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