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Article: DYNAMIC HOMES REPORTS SECOND QUARTER EARNINGS
- Article from:
- PR Newswire
- Article date:
- August 2, 1995
CopyrightCOPYRIGHT 1995 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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DETROIT LAKES, Minn., Aug. 2 /PRNewswire/ -- Dynamic Homes, Inc. today reported sales of $2,375,000 in the second quarter of 1995, down from $2,992,000 in the year-earlier period. Second quarter earnings came to $131,000 or $.06 per share, compared to $228,000 or $.10 per share a year ago.
For the first six months of 1995, sales totaled $4,219,000, compared to $4,656,000 last year. First half earnings of $221,000 or $.10 per share were down modestly from $268,000 or $.12 per share in the same period of 1994.
Vern Muzik, Dynamic's president, said the second quarter results reflected the impact of higher mortgage interest rates on new construction during most ...