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Article: Kings Road Entertainment reports first quarter results.
- Article from:
- PR Newswire
- Article date:
- September 18, 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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KINGS ROAD ENTERTAINMENT REPORTS FIRST QUARTER RESULTS
LOS ANGELES, Sept. 18 /PRNewswire/ -- Kings Road Entertainment, Inc. (NASDAQ: KREN) today reported results for the first quarter ended July 31, 1987.
For the first quarter, revenues dcreased to $436,942 from $2,427,673 in the first quarter of fiscal 1986. The net loss was $568,233, or $0.11 per share, compared with a net loss of $3,378,087, or $0.72 per share, for the same period last year. The net loss for the quarter solely reflects general and administrative expenses as no pictures were released during the quarter. Per share results are computed on the weighted average number of shares ...