Celutel Inc.This Annapolis-based cellular communications...

BY THE NUMBERS

September 18, 1992

Celutel Inc.

This Annapolis-based cellular communications company reported a net loss of $1.2 million on revenues of $4.5 million for its first fiscal quarter, ended July 31. That was an improvement over the $1.6 million loss on revenues of $3.2 million Celutel reported for the year-earlier period.

A decline in losses was attributed to economies of scale at the company's operations in the Rio Grande Valley, Texas, and in Jackson, Biloxi and Pascagoula, Miss., and a reduction in interest expense. Celutel develops and operates cellular telephone systems in the Rio Grande Valley and in Mississippi.

Three months ended 7/31/92

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

'92.. .. ..4,479,000.. .. .(1,231,000).. .. .(0.35)

'91.. .. ..3,166,000.. .. .(1,612,000).. .. .(0.62)

% change.. ...+41.4.. .. .. ...NA.. .. .. .. .. ..NA

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.