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Article: Johnson Products reports net profits on higher third-quarter sales.
- Article from:
- PR Newswire
- Article date:
- June 28, 1989
CopyrightCOPYRIGHT 1989 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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JOHNSON PRODUCTS REPORTS NET PROFITS ON HIGHER 3RD QUARTER SALES
CHICAGO, June 28 /PRNewswire/ -- Johnson Products Co., Inc. (AMEX: JPC), today announced higher sales and operating profits for the three months ended May 31, 1989.
Third quarter 1989 sales increased 7 percent to $7,680,000 from $7,156,000 for the corresponding quarter last year. Net income was $121,000 or three cents per share, compared with a net loss of $308,000, or seven cents per share, for the third quarter fiscal 1988.
Net sales for the first nine months of 1989 rose to $20,894,000 from $20,137,000 for the corresponding nine months last year. Net income for the ...