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Article: BOWMAR INSTRUMENT CORP. REPORTS FINANCIAL RESULTS FOR FISCAL YEAR 1991
- Article from:
- PR Newswire
- Article date:
- December 3, 1991
CopyrightCOPYRIGHT 1991 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOWMAR INSTRUMENT CORP. REPORTS
FINANCIAL RESULTS FOR FISCAL YEAR 1991
PHOENIX, Dec. 3 /PRNewswire/ -- Bowmar Instrument Corp. (AMEX: BOM) today reported financial results for fiscal year 1991. The company reported a net profit for the year ended Sept. 30, 1991 of $286,000 or $.05 per share compared with a net loss for fiscal 1990 of $4,674,000 or $.77 per share. The net loss from continuing operations was $4,519,000 or $.74 per share in fiscal 1990. Fiscal 1991 sales were $27,476,000 compared to sales from continuing operations of $23,591,000 a year ago.
A company spokesperson stated that the improvement in results was attributable to ...