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Article: Dynamic Homes reports fourth-quarter, year-end results.

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PR Newswire
Article date:
March 29, 1989
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DYNAMIC HOMES REPORTS FOURTH QUARTER, YEAR-END RESULTS

DETROIT LAKES, Minn., March 29 /PRNewswire/ -- Dynamic Homes, Inc., (NASDAQ: DYHM) reported financial results for the fourth quarter and year ended Dec. 31, 1988.

Fourth-quarter sales totaled $1,671,100, compared to $1,116,400 reported a year ago. Net loss for the quarter was $88,300, or 4 cents per share, vs. a net loss of $344,900, or 18 cents per share, in the prior-year quarter. Earnings for the fourth quarter were improved by the reduction of holding costs and property valuations related to discontinued operations at Pelican Rapids, Minn., and Mandan, N.D., which were sold during 1988, ... 







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