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Article: Maynard Oil Company announces earnings.
- Article from:
- PR Newswire
- Article date:
- August 14, 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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MAYNARD OIL COMPANY ANNOUNCES EARNINGS
DALLAS, Aug. 14 /PRNewswire/ -- Maynard Oil Company (NASDAQ: MOIL) reported second quarter earnings of $391,207, or seven cents per share, on revenues of $4,395,617, compared with net income of $1,327,904, or 25 cents per share, on revenues of $4,260,844 for the same period in 1988.
For the six months ended June 30, 1989, the company earned $921,758, or 17 cents per share, on revenues of $8,498,086, compared with net income of $1,815,769, or 33 cents per share, on revenues of $8,545,164 through the first half of last year.
Current period earnings were less than prior year results because of a ...