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Article: Curtis Mathes Reports First Quarter Results; $499,000 First Quarter Profit
- Article from:
- PR Newswire
- Article date:
- October 21, 1996
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Copyright informationCOPYRIGHT 1996 PR Newswire Association, Inc. 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, Oct. 21 /PRNewswire/ -- Curtis Mathes Holding Corporation (Nasdaq: CRTM), a leader in television technology, today announced the company's financial results for the quarter ending September 30, 1996. Curtis Mathes reported revenues of $2,090,383 for the quarter ended September 30, 1996, versus $2,527,236 for the same quarter during the previous year. The net profit for the period was $498,913, or $0.02 earnings per share, versus a net loss of $1,594,528, or $0.13 loss per share, for the same quarter during the previous year.
"The company's first quarter net profit is attributable to several factors," said Shelton Richardson, Curtis Mathes' chief ...