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Article: KTI REPORTS THIRD QUARTER, NINE MONTHS RESULTS
- Article from:
- PR Newswire
- Article date:
- November 13, 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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GUTTENBERG, N.J., Nov. 13 /PRNewswire/ -- KTI, Inc. (Nasdaq: KTIE) today reported third quarter and nine months earnings after extraordinary items of $143,000 and $527,000, equal to $.03 and $.11 per share, respectively. Revenues during the quarter and the nine months were $12,374,000 and $35,987,000. Net income for the quarter and the nine months included an extraordinary gain on extinguishment of debt of $148,000, equal to $.03 per share.
For the same periods in 1994, the Company had net losses of ($117,000) and ($394,000) for the quarter and nine months, equal to ($.04) and ($.12) per share, respectively. Revenues for the quarter and nine months were $9,950,000 ...