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Article: Kings Road Entertainment reports third-quarter results.
- Article from:
- PR Newswire
- Article date:
- March 17, 1988
CopyrightCOPYRIGHT 1988 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 THIRD-QUARTER RESULTS
LOS ANGELES, March 17 /PRNewswire/ -- Kings Road Entertainment Inc. (NASDAQ: KREN) today reported results for the third quarter ended Jan. 31.
For the third quarter, revenues decreased to $2,031,063, from $2,514,928 in the third quarter of fiscal 1987. The net loss of $1,698,322, or 33 cents a share, compared with a net loss of $366,984, or 7 cents a share, for the same period last year. The net loss for the quarter reflects general and administrative expenses as well as the theatrical release of "Rent-A-Cop" during the quarter. Per-share results are computed on the weighted average number of ...