Show r I 1 I J t 1 s I 4 4 IN A SCENE from the ploy play The Matt Mott Gordon Johnson has Stabbed El Gallo Steven Yack The play will take place at Uintah High School and 5 5 Flying Diamond reports earnings Flying Diamond Oil all Corporation Corporation Corporation Cor Cor- reported net earnings for the third quarter ended September 30 1975 of or 55 cents per share compared with or 38 cents per share a year ago Revenues in inthe inthe inthe the quarter were versus in the prior year Net earnings for the nine months were or 2 30 per share compared with net earnings of or per share in the same period last year Revenues for the nine months were versus a year ago NET EARNINGS in the third quarter of 1975 were lower than pro forma net earnings of or 89 cents per share based on pro forma revenues of for the third quarter of 1974 Net earnings for the nine months of 19 1975 5 compare with pro forma net earnings of or or per share based on pro forma revenues of in the nine months of 1974 Pro forma results are based on the assumption that the December 1974 merger with Ray Resources Corporation Cor Core Corporation accounted for as a purchase had taken place on January 1 1974 According to Gary F F. F Sprouse president of Flying Diamond the decline in in comparison comparison com com- parison with the pro forma results for the third quarter is primarily due to lower prices and reduced production of low sulfur coal In addition thi third d quarter 1975 results include a provision for or seven cents cents' per share Income tax benefits for losses which may arise from possible reimbursement reimbursement reimbursement to its crude oil purchasers as the result of a recent clarification of the definition of property as it and applies to old new released oil oU Flying Diamond produces coal oil and natural gas is engaged in ranching and has rea real estate holdings The company is 37 percent owned by Gulf Western Industries Inc |