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Article: CURTIS MATHES HOLDING CORPORATION ANNOUNCES INCREASED REVENUES AND EARNINGS FOR FIRST QUARTER FISCAL 1995
- Article from:
- PR Newswire
- Article date:
- November 28, 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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DALLAS, Nov. 28 /PRNewswire/ -- Curtis Mathes Holding Corporation (Nasdaq: CRTM) reported net income of $456,025 ($0.05 per share) on increased revenues of $26,676,970 for the first quarter of fiscal 1995 ended Sept. 30, 1994, compared to net income of $476,722 ($0.06 per share) on revenues of $18,521,273 for the respective period in 1993.
The increased revenues are attributable to the expansion and reorganization in the Curtis Mathes subsidiary, acquired in November 1993. This subsidiary is a manufacturer and distributor of consumer electronics products. During the first quarter, through a recruitment push orchestrated with the distributors, it gained increased exposure ...