SUN VALLEY, Calif., May 24, 2005 (PRIMEZONE) -- Flamemaster Corporation (Pink Sheets:FAME) today reported net income of $196,262 or $.17 per share on sales of $1,258,280 for the quarter ended March 31, 2005, compared to net income of $123,745 or $.10 per share on sales of $1,224,709 in the year earlier period.
For the six month period ended March 31, 2005, sales increased to $2,380,720 from $2,281,333 in the year earlier period. Net income for the six months rose to $235,566 or $.21 per share vs. $196,439 or $.16 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 Six months ended
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3/31/05 3/31/04 3/31/05 3/31/04
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Sales 1,258,280 1,224,709 2,380,720 2,281,333
Income taxes 131,500 53,357 156,212 106,536
Net income 196,262 123,745 235,566 196,439
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Net income per
share, basic
& diluted $.17 $.10 $.21 $.16