Loyola Capital Corp.The parent of Loyola Federal Savings...

BY THE NUMBERS

April 23, 1992

Loyola Capital Corp.

The parent of Loyola Federal Savings Bank reported sharply higher earnings in the first quarter, resulting largely from the sale of securities. The $5.7 million profit for the quarter, which included a $2.9 million pretax gain on the sale of securities, was up 150 percent compared with the same period a year earlier. The company also subtracted nearly $300,000 from income because of a new accounting regulation.

Without the accounting change and securities sale, the company's quarterly earnings would have been nearly 7 percent higher than last year's.

Three months ended 3/31/92

.. .. .. .. Income .. .. .. .. Share

'92 . .. ..5,715,000 .. .. ..1.30

'91 . .. ..2,284,000 .. .. ..0.50

% change .. .. +150.2 .. .. . +160.0

.. .. .. .. Assets .. .. .. .. Deposits

'92 . ..1,930,915,000 . .. .. --

'91 . ..2,001,665,000 . .. .. --

% change .. .. ... 3.5 . .. .. --

Nova Pharmaceutical Corp.

The Baltimore research and development company's losses declined in the first quarter to 11 cents a share, compared with 14 cents a share in the same period a year ago.

Revenue for the quarter that ended March 31 was $12.4 million, up from $11.5 million for the same period in 1991.

Three months ended 3/31/92

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

'92 . ..12,402,695 .. ..(3,402,934). .. (0.11)

'91 . ..11,508,287 .. ..(3,723,817). .. (0.14)

% change .. .. +7.8 .. .. .. .. .. --. .. .. . --

Times Mirror Co.

Earnings at this Los Angeles-based company, parent of The Baltimore Sun, rose 57.3 percent during the first quarter compared with the same period a year ago. The gains were attributed to cost-cutting programs and increased revenue and earnings from operations not dependent on advertising, the company said.

Times Mirror said operating profits rose more than 67 percent, to $80 million, primarily because of lower newsprint costs and reduced expenses related to employee buyout programs at the Los Angeles Times and Baltimore Sun. Results also were helped by improved earnings in professional publishing, cable television and business training programs.

Times Mirror, a Los Angeles-based media and information company, publishes the Los Angeles Times, Newsday and New York Newsday, the Baltimore Sun newspapers, the Hartford Courant, the Allentown, Pa., Morning Call, the Stamford, Conn., Advocate and Greenwich Time. The company also has interests in broadcast and cable television, and book, magazine and other publishing.

Three months ended 3/29/92*

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

'92 . ..867,827,000 . .. ..36,620,000 . ..0.28

. ..854,466,000 . .. ..23,276,000 . ..0.18

change .. ... +1.6 . .. .. .. . +57.3 . . +55.6

* Year-ago quarter ended 3/31/91.

UNC Inc.

This Annapolis-based aviation service company said strong cash flow and earnings in the first quarter were used to decrease debt by $55.8 million, to $122 million. As a result, interest expense was reduced to $3.3 million in the quarter, from $4.2 million in the same period last year.

Dan A. Colussy, chairman and chief executive, said the company expects improved results for the rest of the year.

Three months ended 3/31/92

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

'92 . .. .86,185,000. .. .. ..2,236,000 .. ...0.13

'91 . .. .85,537,000. .. .. ..1,443,000 .. ...0.08

% change .. .. . +0.7. .. .. .. ... +54.9 .. .. +62.5

Potomac Electric Power Co.

Income for this Washington-based utility increased 36.percent in the first quarter, the company said at its annual meeting yesterday.

No single factor accounted for the increase in sales, said H. Lowell Davis, vice chairman and chief financial officer. The first quarter is traditionally Pepco's weakest quarter, since the company primarily relies on selling electricity for air conditioning during summer months for much of its annual earnings, he said.

Three months ended March 31

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

'92 . ..369,594,000 . .. ..9,470,000 .. ...0.05

. ..347,619,000 . .. ..6,943,000 .. ...0.04

change .. ... +6.3 . .. .. ... +36.4 .. .. . +25

Bell Atlantic Corp.

This Philadelphia-based regional phone company said it had a profit in the first quarter of $358.5 million, or 91 cents a share, compared with a loss of $1.21 billion or $3.06 a share, a year earlier.

Last year's loss was caused primarily by a one-time charge of $3.94 a share for adopting new accounting rules for retiree health benefits. Without the accounting charge, Bell Atlantic's earnings would have been $344.9 million, or 88 cents a share.

Bell Atlantic is the parent company of Chesapeake & Potomac Telephone Co. of Maryland.

Three months ended 3/31/92

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

'92 . ..3,019,200,000 .. ..$358,500,000 ...0.91

'91 . ..2,995,700,000 ...(1,209,400,000) .(3.06)

% change .. .. .. +0.8 .. .. .. .. .. . -- .. .. --

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