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Article: Maynard Oil Company reports results.
- Article from:
- PR Newswire
- Article date:
- November 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 REPORTS RESULTS
DALLAS, Nov. 14 /PRNewswire/ -- Maynard Oil Company (NASDAQ: MOIL) reported third quarter earnings of $844,987, or 16 cents per share, on revenues of $4,127,873, compared with a loss of $47,828, or one cent per share, on revenues of $3,412,976 for the same period in 1988.
For the nine months ended Sept. 30, 1989, the company earned $1,766,745, or 33 cents per share, on revenues of $12,625,959, compared with net income of $1,767,941, or 32 cents per share, on revenues of $11,958,140 through the first nine months of last year.
Quarterly results were attributable to a $1 million gain generated from the ...