Potomac Electric PowerThis Washington-based utility said...

BY THE NUMBERS

January 24, 1992

Potomac Electric Power

This Washington-based utility said profits rose sharply in the fourth quarter and full year, partly as the result of a warmer-than-usual summer and rate increases in Maryland and Washington. The company also benefited from increased earnings in its non-utility divisions, which include leasing satellite communication equipment and leasing and selling aircraft, spokesman Steve Arabia said.

Pepco also declared a quarterly dividend of 40 cents a share, an increase of 1 cent over last year's dividend. The dividend is payable March 31 to shareholders of record Feb. 27.

Three months ended 12/31/91

Revenue. . .. ... . . . Net. . . . . . . . . . Share

'91. ... 381,606,000. . ....... 27,543,000. . .. ...... 0.22

'90. .....331,377,000. ......... 19,462,000. .......... .0.17

% change. ..... +15.2. ................+41.5. .... . ... +29.4

Twelve months ended 12/31/91

Revenue. .... ..........Net. . ............. ... Share

'91. ....1,697,123,000. . .... 210,164,000. . ...... ... 1.87

'90. .. ..1,510,926,000 . ...... 170,234,000. ... .... . . 1.62

% change. ........ +12.3. .............+23.5. . ..... .. . +15.4

Polk Audio Inc.

Profits for this Baltimore-based manufacturer of high-quality loudspeaker systems were squeezed during its third fiscal quarter by lower profit margins and higher promotional costs, said George M. Klopfer, the company's president. Earnings were down all year, he said, but rose slightly in December.

Because of the recession, Mr. Klopfer said, customers are buying less-expensive loudspeakers, which are less profitable for the company

+ Three months ended 12/29/91

Revenue. . .. . . . .. Net. . . .. .. . ... Share

'91. . ..... 7,246,789. ... .......269,277. ......... . 0.16

'90. ....... 7,385,847. ... .......465,658. ....... .... .0.27

change. . ...... 1.9. . . .. ..... . 42.2. . . . ....... 40.7

Nine months ended 12/29/91

Revenue. . ... .... . Net.. . ... .. .... . . Share

'91. ..... 19,758,844. .... ... 604,439. .... .. ..... .0.35

'90. . .....21,675,660. ... . ..1,149,209. ... ...... . ...0.66

% change. .. . . . 8.8. . . ... .....47.4. . ... .. ...... 47.0

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