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Article: BEVERLY HILLS FAN CO. THIRD QUARTER AND NINE-MONTH RESULTS
- Article from:
- PR Newswire
- Article date:
- October 4, 1994
CopyrightCOPYRIGHT 1994 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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WOODLAND HILLS, Calif., Oct. 4 /PRNewswire/ -- Beverly Hills Fan Co. (Nasdaq: BHFC) Chairman Hoyne Greenberg announced that net sales in the third quarter were $1,925,000 compared to $2,190,000 for the same period last year.
Net income was $64,552, or 1 1/2 cents per share, versus $65,855, or 2 cent per share, in 1993. Greenberg said the 12 percent drop in sales was primarily due to reduced bulk sales in the same period. The decrease was offset, in part, by a $320,000 increase in warehouse sales in the third quarter.
Gross sales for the nine-month period ended in July were $5,716,000, up from $5,505,000. Net income for the same period was $121,473, or 3 cents per ...