|
|
Article: Dynamic Homes reports results.
- Article from:
- PR Newswire
- Article date:
- May 31, 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)
|
DYNAMIC HOMES REPORTS RESULTS
DETROIT LAKES, Minn., May 31 /PRNewswire/ -- Dynamic Homes, Inc. (NASDAQ: DYHM), reported financial results for the first quarter ended March 31, 1988.
First quarter sales totaled $268,300, compared to $958,200 reported a year ago. Net loss for the quarter was $330,400, or 17 cents per share, versus a net loss of $249,200, or 13 cents per share, in the prior year quarter.
Jack Johnson, president, attributed the low first quarter sales to the lagging effect of higher interest rates in the second half of 1987, which resulted in a decline in backlog orders at year-end. He also noted that sales in the first ...