January 18, 1992
This Baltimore parent of Atlantic Federal Savings Bank dramatically increased earnings for its third fiscal quarter and first nine months by catering to first-time homebuyers and residential construction companies, according to Chairman and President Richard E. Funke. The company originated a total of $123 million in new loans during the nine months that ended Dec. 31, up 44.7 percent from the previous nine-month period.Three months ended 12/31/91.. .. .. Income .. ... ...Share'91 .. .416,899 .. .. ..0.44'90 .. .160,191 .. .. ..0.17% change +160.
December 13, 1990
Trak Auto. Corp.This Landover-based company, which operates 331 discount auto-parts stores in six cities, reported a 35 percent increase in earnings in the third quarter and a nine-month earnings increase of 67 percent. Chairman Herbert H. Haft said the increases resulted from the opening of 10 new stores in the quarter and 23 stores in the nine-month period. But sales from stores open more than one year were up only 2.4 percent in the quarter and were down 3.3 percent in the first nine months of the year.
October 17, 1992
Despite a drop in electric usage because of an unseasonabl cool summer, Baltimore Gas and Electric Co.'s third-quarter earnings rose 6.8 percent, thanks to a rebound in the company's non-regulated operations.Although earnings rose, income per share remained flat, at 84 cents, because of the increase in the number of outstanding shares following two stock offerings this year.Earnings for the company's non-regulated subsidiaries, Constellation Holdings, jumped to $7.5 million from a loss of $4.2 million in the same period a year ago. The 1991 third-quarter results were depressed by a $9 million write-down in an investment security.
September 11, 1992
Environmental Elements Corp. announced yesterday that it would lose money for the last nine months of its fiscal year, blaming its weakened prospects on the sour economy and the fact that utilities have been slow to place orders for anti-pollution equipment.The company said in July that it expected to make money in the last nine months of its fiscal year, which ends in March. The company lost $1.7 million, or 26 cents a share, in the quarter that ended in June because of technical problems on a contract that involved installing new technology, company spokesman John S. Lalley Jr. said.
January 7, 1992
Super Rite Corp., a Harrisburg, Pa.-based grocery wholesaler, yesterday reported a 76 percent gain in profits for the nine months that ended in November. Sales rose 13.9 percent.Super Rite owns the Basics chain in the Baltimore area. It also has stores in Pennsylvania, New Jersey, Delaware, Virginia and West Virginia.The company attributed the gains to a new supply agreement with Shoppers Food Warehouse Corp., a chain of 29 high-volume supermarkets in the Washington area.Three months ended 11/30/91.
October 28, 1992
Delmarva Power & Light Co.This utility, which provides power to the Eastern Shore, reported strong results for the third quarter.However, earnings for core operations in the first nine months dropped to $1.45 a share from $1.56 a share because of milder weather, which reduced air-conditioning use, and the capital costs for expanded capacity.The company provided financial information for the 12 months that ended Sept. 30, but not for the nine months.The current 12-month results include 21 cents a share received from a settlement of a lawsuit with Philadelphia Electric Co.Last year's 12-month figures include an 86-cent-per-share write-off in the value of a joint venture investment and a gain of 25 cents per share from an accounting change.