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Article: Dixon Ticonderoga Company reports loss for 1990 quarter.
- Article from:
- PR Newswire
- Article date:
- February 9, 1990
CopyrightCOPYRIGHT 1990 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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DIXON TICONDEROGA COMPANY REPORTS LOSS FOR 1990 FIRST QUARTER
VERO BEACH, Fla., Feb. 9 /PRNewswire/ -- Dixon Ticonderoga Company (AMEX: DXT) today reported a loss for the first quarter ended Dec. 31, 1989.
The loss was $367,012 or 12 cents per share, on revenues of $18,667,874. This compares with net income of $240,709, or eight cents per share, on revenues of $17,967,118, for the 1989 first quarter.
President Gino N. Pala said, "We attribute the loss primarily to an overhaul and clean-up of problems from fiscal 1989 when we encountered our first loss after several years of positive growth. Our graphite and lubricants segment also was ...