Laser-Pacific loss hits $ 2.7 mil

Laser-Pacific Media Corp. Monday reported an anticipated loss for the second quarter ended June 30.

Robert E. Seidenglanz, chairman and chief executive officer of the company, which provides post-production services for television and film, stated that the company’s results are always lowest in the second quarter due to the seasonal nature of television.

The net loss for the second quarter was $ 2.7 million, or 42 cents per share, compared with a loss of $ 1.5 million (24 cents) for the second quarter of 1992. Revenue for the second quarter of 1993 was $ 4.8 million vs. operating revenue of $ 6.5 million in the same period a year ago.

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