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(REUTERS) TABLE - Precision Standard <PCSN.O> Q1 net profit TABLE - Precision Standard <PCSN.O> Q1 net profit DENVER, May 19 (Reuters) - Precision Standard Inc. Results Through 3/31/98 First-Quarter Results 1998 1997 Sales $34,453,916 $35,017,730 Income Before Income Tax 4,562,682 (2,461,382) Income Tax Expense (25,000) (66,000) Net Income 4,537,682 (2,527,382) Weighted Average Shares Outstanding 3,666,054 3,187,328 Earnings Per Common Share Income Before Income Tax 1.24 (0.77) Income Tax Expense -- (0.02) Net Income 1.24 (0.79) NOTES: At the end of March 1998, the company's order backlog (including unfunded government orders) stood at $391.5 million, as compared to $421.5 million for the same period the previous year. Of the total, $214 million is mainly associated with follow-on option years of its government contracts, versus $261 million for the same period the previous year. -- New York Newsdesk 212 859-1610 REUTERS *** end of story *** This is huge for single digit company,any opinions? Stefan | ||||||||||||||
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