|
|
Article: DESPITE BOOST FROM SALE OF AMAP STAKE, SALTON FAILS TO MAKE FINANCIAL COVENANTS.(Brief Article)
- Article from:
- HFN The Weekly Newspaper for the Home Furnishing Network
- Article date:
- November 14, 2005
- Author:
CopyrightCOPYRIGHT 2005 MacFadden Communications Group 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)
|
Byline: Jennifer White
NEW YORK-Salton Inc. logged a profit partly due to the recent sale of its stake in Amalgamated Appliance Holdings Ltd., but was not in compliance with its financial covenants due to disappointing sales.
Salton reported net income of $29.7 million, or $1.83 per diluted share, for the first quarter ended Oct. 1, versus a loss of $3.2 million, or 28 cents per diluted share for the same period last year. The AMAP sale, which was completed Sept. 29, contributed $32.9 million to earnings. However, the company took an operating loss of $11 million, compared with operating income of $6.2 million a year earlier.
Salton reported ...
Related newspaper, magazine, and journal articles:
|
|
Article: Coming to terms with financial ...
The RMA Journal;
June 1, 2007 ;
700+ words
... ... really critical and necessary? Which financial covenants act as triggers or early warning ... January 1994, outlines how just a few financial covenants can improve the odds of repayment ... and easy to apply. Affirmative financial covenants include such items as a minimum ...
|
|