Article: Griffin Announces Second Quarter Results

NEW YORK, July 8 /PRNewswire/ -- Griffin Land & Nurseries, Inc. (Nasdaq: GRIF) ("Griffin") today reported second quarter net income of $2,438,000 on net sales of $23,707,000 as compared to 1997 second quarter net income of $1,989,000 on net sales of $20,905,000. Griffin reported basic and diluted net income per share of $0.51 and $0.48, respectively, for the 1998 second quarter as compared to pro forma basic and diluted net income per share of $0.42 and $0.41, respectively, in the 1997 second quarter.

In the 1998 six month period, Griffin reported net income of $1,008,000 on net sales of $27,221,000 as compared to a net loss of ($24,000) on net sales of ...

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