Restaurant operator's income up
Created: Dec 31, 1999 10:00 AM
has seen its sales for the year go up by nearly nine percent, according to the company's annual results.
A report from company president Paul King said sales for the year ended June 30, 1999, were $4,400,283 compared to $4,045,909 in 1998.
Net income grew three and a half times to $242,208 from $69,882 and earnings per share stood at $0.48, which was up from $0.14 in 1998. Total Assets of the company stood at $3,468,544 compared to $3,461,945 in 1998 and Net Assets climbed to $1,319,181 from $1,076,973.
Mr. King attributed the improved performance of the company to the new management team.
BUSINESS BUC