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Article: INTRENET, INC. REPORTS PROFITABLE THIRD QUARTER AND FIRST NINE MONTHS; NET EARNINGS FOR THE THIRD QUARTER CLIMB 140 PERCENT
- Article from:
- PR Newswire
- Article date:
- November 5, 1993
CopyrightCOPYRIGHT 1993 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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MILFORD, Ohio, Nov. 5 /PRNewswire/ -- Intrenet, Inc. (NASDAQ: INET) reported today third quarter 1993 revenues increased 9 percent to $49.7 million, compared to $45.6 million for the same period in 1992. Net earnings improved 140 percent to $658,000, or 7 cents per share, for the third quarter from $278,000, or 5 cents per share, for the same period in 1992.
Nine Month Results
Revenues for the first nine months of 1993 were $142.1 million, up 7 percent, from $133.1 million in 1992. Net earnings for the first nine months of 1993 were up over three times to $2.2 million, or 23 cents per share, from $505,000, or 10 cents per share, for 1992. As previously announced, in ...