Samuel Goldwyn Co. announced first-quarter earnings Tuesday for the period ending June 30. Net income jumped 218% to $ 1.4 million from $ 44,000 in thecomparable period in 1992.
The company said the quarterly earnings exceed net income for the entire fiscal year ended March 31, 1993. Revenue rose 28% to $ 30.3 million from $ 23.6 million in 1992. Commenting on the results, Meyer Gottlieb, president and chief operating officer, stated, “While we are on track with respect to our fiscal 1994 business plan, we are mindful that we operate in a highly volatile and unpredictable environment.” Gottlieb attributed the positive results of the quarter to “the performance of all of our divisions according to our expectations and to the impact of the synergy of being an integrated entertainment company.”
The price of shares in Polygram NV jumped 2.4% today on the Amsterdam exchange on news the company has signed a joint-venture agreement with the organizers of the 1994 World Cup soccer championships in the U.S. (Daily Variety , Aug. 10). Polygram shares were quoted at 60.90 guilders, up 1.40 guilders, posting a 1993 high.