Here are the yearly numbers....PECN did 6 cents against 3 cents prior year...stock is priced at .22/.27...bargain time...solid forecast for next year:
Publishers Equipment Corporation Announces
Fourth Quarter Earnings
DALLAS, March 19 /PRNewswire/ -- Dallas-based Publishers Equipment Corporation (OTC Bulletin Board: PECN - news)
today announced net income of $19,000 for the fourth quarter of 1998 on revenues of $3,158,000. These results compare to
net income of $315,000 on revenues of $5,928,000 for the fourth quarter of 1997. For the year ended December 31, 1998,
the Company had net income of $304,000 on revenues of $15,180,000. These results compare to net income of $180,000 on
revenues of $13,557,000 for the year ended December 31, 1997.
(000's)
1998 1997
Revenues $15,180 $13,557
Net income 304 180
Net income per common share
(Basic and Diluted) $0.06 $0.03
Average shares
Outstanding
Basic 5,220,253 5,205,719
Diluted 5,260,172 5,298,349
In announcing the 1998 financial results, Evans Kostas, Chairman and Chief Executive Officer, stated that increased domestic
market activity in 1998, principally in the commercial printing segment, offset weakness in international markets caused by the
currency crisis in the Far East and South America. The Company expects continued improvement in financial performance in
1999, with a weak first six months being followed by a strong second half of the year.
For additional information contact Roger R. Baier, at Publishers Equipment Corporation, 972-931-2312.
SOURCE: Publishers Equipment Corporation |
