Date: Thu, 18 Dec 1997 03:59:18 GMT Server: Apache/1.2.4 Last-Modified: Mon, 19 Aug 1996 06:33:13 GMT ETag: "4911b-6b8-32180aa9" Content-Length: 1720 Accept-Ranges: bytes Connection: close Content-Type: text/html
For the year ended June 30, 1995, our net sales were $62.1 million, represents
an increase of 13 percent over net sales in the previous year.
We are especially pleased with the growth in our single-use camera
business, which represented 45 percent of our fiscal 1995 sales. During
the latter half of fiscal 1995, Concord signed substantial Original Equipment
Manufacturers (OEM) contracts for the annual supply of several million single-
use cameras. In fiscal 1995, OEM sales increased 105 percent.
The future has ever looked more promising for Concord. Fiscal 1996 first
quarter sales are continuing the record-setting trend. We recorded net sales
of $17.5 million for the first fiscal 1996 quarter ended September 30, 1995.
Our core business camera sales for the first fiscal quarter of 1996 exceeded
camera sales of the first fiscal quarter of 1995 by $5.1 million, a 41 percent
increase . This was Concord's fifth consecutive quarter of increased camera sales
on a comparative basis. Net income for the first quarter was $1.1 million, a
127% increase over the comparable period in the prior year.