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Article: NUR Macroprinters Ltd. Reports Record First Quarter Revenues and Profits; Revenues Increased 55%; Earnings More than Tripled.
- Article from:
- PR Newswire
- Article date:
- May 13, 1999
CopyrightCOPYRIGHT 1999 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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MAGSHIMIM, Israel, May 13 /PRNewswire/ -- NUR Macroprinters Ltd. (Nasdaq: NURM), a leading manufacturer and marketer of wide-format digital inkjet printers and consumables, today announced record revenues and record profits for the first quarter ended March 31, 1999. This marks the eighth consecutive quarter of revenues and earnings growth for the company.
Revenues for the first quarter of 1999 increased 55% to $11.58 million, compared to $7.49 million for the same quarter last year. Gross profit increased 47% to $5.69 million versus $3.86 million for the comparable period last year, although gross margin was down to 49% in the first quarter from 51% during the ...