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Article: Orion Pictures Corp. announces net income for nine months ended Nov. 30.
- Article from:
- PR Newswire
- Article date:
- January 14, 1987
CopyrightCOPYRIGHT 1987 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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LOS ANGELES, Jan. 14 /PRNewswire/ -- Orion Pictures Corp. (NYSE, PSE: OPC) announced today that its net income for the nine months ended Nov. 30, 1986, was $1,493,000 on revenues of $201,698,000. For the comparable nine-month period of the prior year, the company had a net loss of $8,985,000 on revenues of $151,613,000.
For the third quarter ended Nov. 30, 1986, the company recorded a net loss of $3,604,000 on revenues of $65,191,000. For the third quarter of the prior year, the company had a net loss of $5,733,000 on revenues of $44,328,000.
During the third quarter ended Nov. 30, the company charged approximately $2,250,000 to cost of sales as ...