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LAS VEGAS, March 17 (Reuters) - American Vantage Cos. Consolidated Statements of Income Three Months Ended Jan. 31, 1999 and 1998 (Unaudited) 1999 1998 Revenues: Casino-consulting fees $ 2,040,000 $ 2,220,000 Costs and expenses: Casino consulting 512,000 376,000 Restaurant operations 121,000 -- Death-care operations -- -- General and administrative 338,000 294,000 Amortization and depreciation 8,000 36,000 Minority interest in net income of consolidated subsidiary -- 7,000 979,000 713,000 Income from operations 1,061,000 1,507,000 Other income: Interest 267,000 234,000 Miscellaneous -- 3,000 267,000 237,000 Income before write-off of project costs and advances and income taxes 1,328,000 1,744,000 Write-off of project costs and advances -- 861,000 Income before income taxes 1,328,000 883,000 Income tax expense: Current: State 45,000 51,000 Federal 441,000 281,000 486,000 332,000 Net income $ 842,000 $ 551,000 Earnings per common share: Basic 6 cents 4 cents Diluted 5 cents 3 cents Weighted average number of common shares and commonshare equivalents: Basic 15,119,000 15,063,000 Stock options and warrants 863,000 976,000 Diluted 15,982,000 16,039,000 American Vantage Co. Consolidated Statements of Income Six Months Ended Jan. 31, 1999 and 1998 (Unaudited) 1999 1998 Revenues: Casino-consulting fees $ 4,170,000 $ 4,530,000 Costs and expenses: Casino consulting 964,000 733,000 Restaurant operations 121,000 -- Death-care operations 31,000 -- General and administrative 726,000 548,000 Amortization and depreciation 16,000 71,000 Minority interest in net income of consolidated subsidiary -- 14,000 1,858,000 1,366,000 Income from operations 2,312,000 3,164,000 Other income: Interest 493,000 458,000 Miscellaneous -- 10,000 493,000 468,000 Income before write-off of project costs and advances and income taxes 2,805,000 3,632,000 Write-off of project costs and advances -- 861,000 Income before income taxes 2,805,000 2,771,000 Income tax expense: Current: State 141,000 165,000 Federal 947,000 888,000 1,088,000 1,053,000 Net income $ 1,717,000 $ 1,718,000 Earnings per common share: Basic 11 cents 12 cents Diluted 11 cents 11 cents Weighted average number of common shares and common share equivalents: Basic 15,107,000 14,966,000 Stock options and warrants 883,000 1,030,000 Diluted 15,990,000 15,996,000 380-2014)) REUTERS Rtr 14:08 03-17-99 Copyright 1999, Reuters News Service Copyright © 1997 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. or such other notice as may be agreed by the parties in writing. | ||||||||||||
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