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Article: The Source (SORC) reports strong net earnings increases; operating profits up 86% in third quarter, 109% in nine months.
- Article from:
- Business Wire
- Article date:
- December 19, 1995
CopyrightCOPYRIGHT 1995 Business Wire. 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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ST. LOUIS--(BUSINESS WIRE)--Dec. 19, 1995--The Source Company (OTC: SORC) today reported its net income for the third quarter and nine months ended October 31 showed strong increases over the comparable periods a year earlier.
"Our operating earnings continued their strong growth, up more than 109 percent over the nine months figure, and more than 60 percent higher than the third quarter last year," said S. Leslie Flegel, Chairman and Chief Executive Officer. "Our new business efforts paid off very well, with more than 3500 stores added to our customer base, an increase of more than seven percent."
In the third quarter, net earnings were $187,845, on ...
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