George Risk Industries, Inc. First Quarter Results
18 Setembro 2013 - 12:21PM
Marketwired
George Risk Industries, Inc. First Quarter Results
KIMBALL, NE--(Marketwired - Sep 18, 2013) - GEORGE RISK
INDUSTRIES, INC., (OTCQB: RSKIA) a leading manufacturer of products
in the security industry, presented net sales for the quarter ended
July 31, 2013, to be $2,670,000, which is an increase of 5.04% from
the corresponding quarter last year. Net sales for the quarter
ended July 31, 2012 were $2,542,000.
The Company's products are tied to the housing market and the
increase in sales is a result of a recovering economy. Net income
for the quarter ended July 31, 2013 was at $654,000, a 50% increase
from the corresponding quarter last year, which showed net income
of $436,000. This bigger gain in income for the current
quarter is that we had $18,000 of realized gains on investments as
compared to $151,000 of realized losses for the corresponding
quarter last year. Earnings per share for the quarter ended
July 31, 2013 were $0.13 per common share and $0.09 per common
share for the quarter ended July 31, 2012.
Engineering continues work on a wireless pool alarm and a High
Security Switch. These will go through UL and possibly the
Department of Defense approval for certain installations. New
molding redesigns are in the process for pool alarms, a Current
Controller case and a cover for the 29-Series terminal switch.
Other products in development include a twist lock for recessed
steel door contacts, including biased for high security. This
variety will allow the installer to set a precise gap. A fuel
level monitor is also being researched. Several security
companies from around the world have told us fuel theft is a major
problem. They are looking for a product that will tie into the
security system that then will directly inform when tanks and
trucks are tempered with.
At George Risk Industries, Inc. latest Board of Directors
meeting, a dividend of $0.30 per common share was
declared. This dividend will be paid to stockholders of record
as of September 30, 2013 and payable by October 31, 2013.
George Risk Industries, Inc. is engaged in the design,
manufacture and sales to distributors and OEM manufacturers of
custom computer keyboards, push button switches, burglar alarm
components, pool alarms, thermostats, E-Z Duct wire cover, and
hydro sensors. The company has representation in the United
States, Canada, Asia, and EMEA.
CONTACTS
STEPHANIE M. RISK-McELROY PRESIDENT/CEO/CFO 308-235-4645
800-523-1227
George Risk Industries (PK) (USOTC:RSKIA)
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