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Article: ARROW-MAGNOLIA INTERNATIONAL REPORTS 27% EARNINGS INCREASE FOR FIRST QUARTER
- Article from:
- PR Newswire
- Article date:
- May 7, 1996
CopyrightCOPYRIGHT 1996 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, May 7 /PRNewswire/ -- Arrow-Magnolia International, Inc. (Nasdaq: ARWM) today announced that earnings for the three months ended March 31, 1996 increased 27 percent to $222,638, or 17 cents per share, from $175,464, or 14 cents per share, in the same quarter last year. Net sales increased 26 percent to $2.5 million from $2.0 million in the year-earlier quarter.
Morris Shwiff, President, commented that the Company continued to enlarge its sales force in the first quarter of 1996, which was reflected in the increases of both sales volume and profits. At March 31, 1996, the Company reported current assets of $3.6 million and current liabilities of $809,000, for ...
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