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Article: Damon Group announces fiscal 1990 results.

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PR Newswire
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January 18, 1991
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DAMON GROUP ANNOUNCES FISCAL 1990 RESULTS

NEW YORK, Jan. 18 /PRNewswire/ -- Damon Group Inc. (NASDAQ: DMNG), formerly American Magnetics Corporation, today announced its results for the fiscal year ended Sept. 30, 1990, which includes fiscal 1990 results of its principal business unit, Damon Corporation.

Damon Group's sales increased in 1990 to $217.4 million from $49.2 million in 1989, principally as a result of the inclusion of the results of Damon Corporation for the entire year. Damon Group incurred a net loss of $341,000, or $0.07 per share, as compared to a net loss of $1.6 million, or $0.33 per share in 1989. 1990's results include a loss from ...

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