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Article: Maynard Oil Company Announces Second Quarter Earnings
- Article from:
- PR Newswire
- Article date:
- August 14, 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, Aug. 14 /PRNewswire/ -- Maynard Oil Company (Nasdaq: MOIL) reported second quarter earnings of $1,819,180, or 37 cents per share, on revenues of $8,257,476. This corresponds with net income of $1,113,360, or 23 cents per share, on revenues of $5,991,160 for the same period in 1995. The most recent quarterly earnings were positively affected by a 250 well producing property acquisition, which closed in December 1995.
Similarly, the company earned $2,962,634, or 61 cents per share, on revenues of $15,589,218 for the six months ended June 30, 1996. During the same period of 1995 net income of $1,696,949, or 35 cents per share, was recorded on revenues of ...