Legg Mason Inc.Revenues and earnings at this...

BY THE NUMBERS

October 19, 1990

Legg Mason Inc.

Revenues and earnings at this Baltimore-based investment firm were flat for the three- and six-month periods ending in September, partly because commissions from trading fell substantially. Commissions in the third quarter of 1989 amounted to 42 percent of revenue, compared with 34.8 percent of revenue in this year's third quarter.

The earnings for both periods were buoyed by a gain of $1.8 million, or 21 cents a share, from the sale of 240,616 shares of Environmental Elements Corp. stock. At the same time, one-time charges amounting to $700,000, or 8 cents a share, offset the one-time gain.

Three months ended 9/30/90

Six months ended 6/30/90

General Kinetics Inc.

This Rockville-based company said it was able to boost profits in the first quarter of its fiscal year by 196 percent, largely because of strong sales of its espionage-safe fax machines to the U.S. government and foreign nations.

"The company's strong performance is largely the result of the continued focus on cost reduction, operational improvements and stronger financial controls," company President Richard A. Thompson said. "It also demonstrates the continued strength of the secure communications market.

The company's fiscal year ends in May.

Three months ended 8/31/90

Mid Atlantic Medical Services Inc.

This Rockville-based parent of health maintenance organizations, including the M.D. IPA plan, said it nearly doubled its quarterly earnings for the three months that ended Sept. 30 compared with the same period in 1989.

The company said the strong third quarter persuaded it to raise its own estimates of its likely full-year 1990 earnings. The company now estimates it will earn 60 cents a share for the full year, up from an earlier estimate of 55 cents a share.

Three months ended 9/30/90

Nine months ended 9/30/90

Atlanfed Bancorp Inc.

The parent of Atlantic Federal Savings Bank said it boosted its earnings for the second quarter of its fiscal year 30 percent above results from the same quarter of last year, raking in profits of $239,008, or 28 cents a share, during the quarter that ended Sept. 30.

The quarterly results brought Atlanfed's profits for the first six months of its fiscal year to $497,048, or 58 cents a share, up 86 percent from $267,554, or 31 cents a share, in the first half of last year. The company's fiscal year ends March 31.

Three months ended 9/30/90

Six months ended 9/30/90

Environmental Elements Corp.

Booming demand for acid gas scrubbing systems pushed the profits of this Baltimore-based company dramatically higher in the second fiscal quarter.

The company said its backlog had grown from $64.5 million last year to $103 million by Sept. 30. Environmental Elements said it had also received but not booked $15.1 million worth of orders for its solid waste incineration acid gas scrubbing systems in the period.

Company President F. Bradford Smith said the income from continuing operations was buoyed by the company's July public offering, which enabled it to repay all long- and short-term bank debt.

Three months ended 9/30/90

Six months ended 9/30/90

RAC Mortgage Investment

This Columbia-based real estate investment trust, an indirect subsidiary of the Ryland Group Inc., reported yesterday a 277 percent jump in net income for the third quarter, which ended Sept. 30, compared with the same period a year ago.

Three months ended 9/30/90

Nine months ended 9/30/90

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