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Article: Audio Book Club, Inc. Announces First Quarter Results.
- Article from:
- Business Wire
- Article date:
- May 17, 1999
CopyrightCOPYRIGHT 1999 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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MORRISTOWN, N.J.--(BUSINESS WIRE)--May 17, 1999--
- Gross Sales Increased 169 Percent to $12,827,000 -
- Gross Profit Increased 470 Percent to $5,303,000 -
- Company Posts Pro-Forma Net Income of $1,671,000 or $.21
Diluted EPS -
Audio Book Club, Inc. (AMEX: KLB) today announced financial results for its first quarter ended March 31, 1999.
Gross sales for the first quarter increased 169 percent to $12,827,000 as compared to $4,765,000 for the first quarter of 1998. Net sales, after returns, discounts and allowances, increased $6,400,000 or 181% to $9,929,000 in the first quarter of 1999 as compared to $3,529 for ...