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Article: Golden Bear Golf Reports Second Quarter 1997 Results.
- Article from:
- Business Wire
- Article date:
- July 31, 1997
CopyrightCOPYRIGHT 1997 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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NORTH PALM BEACH, Fla.--(BUSINESS WIRE)--July 31, 1997--
Revenues More Than Double From 1996, Results
Reflect Expanded Operations
Golden Bear Golf Inc. (NASDAQ:JACK) announced Thursday second quarter 1997 revenues of $22.3 million, up 164% from $8.4 million for the second quarter of 1996, as all the company's divisions achieved strong growth.
For the three months ended June 30, 1997, revenues increased 506%, 153%, and 45% respectively, in the company's golf, construction and marketing divisions.
Net earnings for the quarter were break-even versus a pro forma net loss of $2.7 million for the ...