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Article: First South Africa Corp., Ltd. Reports Sales and Earnings for the Quarter Ended March 31, 1998; Earnings Per Share $0.13 Primary and Fully Diluted.
- Article from:
- Business Wire
- Article date:
- May 13, 1998
CopyrightCOPYRIGHT 1998 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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COCONUT GROVE, Fla.--(BUSINESS WIRE)--May 13, 1998--First South Africa Corp., Ltd. (NASDAQ- FSACF) today released its fiscal third quarter results for the period ended March 31, 1998.
For the three months ended March 31, 1998, the Company reported net income of $917,715 or $0.13 a share, with 7,073,170 weighted average shares outstanding. Fiscal third quarter 1998, sales totaled $28.2 million. Consolidated earnings before taxes for the quarter totaled $2.15 million.
Included in the outstanding shares for the current quarter are approximately 1,173,000 shares issued in connection with the voluntary Warrant exchange that concluded in December ...