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Article: Cardinal Distribution reports 53 percent increase in net earnings, 28 percent rise in sales for 2nd quarter.
- Article from:
- PR Newswire
- Article date:
- October 23, 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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CARDINAL DISTRIBUTION REPORTS 53 PERCENT INCREASE IN NET EARNINGS,
28 PERCENT RISE IN SALES FOR 2ND QUARTER
DUBLIN, Ohio, Oct. 23 /PRNewswire/ -- Cardinal Distribution, Inc. (NASDAQ: CDIC) today reported a 53 percent increase in net earnings and a 28 percent increase in net sales for its fiscal second quarter, ended Sept. 30, 1989. For the fiscal first half, net earnings from continuing operations increased 55 percent and net sales increased 29 percent.
For the second quarter, net earnings were $2,792,000, or $.27 per share on a fully diluted basis, versus $1,820,000, or $.22 per share fully diluted, for the year-earlier quarter. ...