PACOIMA, Calif., Aug. 12, 2008 (PRIME NEWSWIRE) -- Flamemaster Corporation (Pink Sheets:FAME) today reported net income of $239,296 or $.20 per share on sales of $1,592,979 for the quarter ended June 30, 2008, compared to net income of $279,291 or $.23 per share on sales of $1,721,931 in the year earlier period.
For the nine-month period ended June 30, 2008, sales decreased by 7.2% to $4,500,896 compared to $4,850,411 in the year earlier period. Net income for the nine months increased to $490,084 or $.40 per share vs. $181,750 or $.15 per share.
Flamemaster is a Southern California-based specialty chemicals manufacturer of high performance sealants, adhesives and coatings.
The release herein may contain or identify a forward-looking statement. These statements are based on a number of assumptions and estimates, which are inherently subject to uncertainty and contingencies, many of which are beyond the control of the company and reflect future business decisions, which are subject to change.
Flamemaster Corporation
(Unaudited)
Three months ended Nine months ended
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6/30/08 6/30/07 6/30/08 6/30/07
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Sales 1,592,979 1,721,931 4,500,896 4,850,411
Net income 239,296 279,291 490,084 181,750
Net income per share,
basic & diluted $.20 $.23 $.40 $.15