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Show Na'ional Enterprise , May 5, 1976 Page Twelve FB Truck Notes 26.4 Revenues Increase SALT LAKE CIT- Y- F-- B Line Company (OTC 5.50, 6.50) specialized commodity carrier, reported revenues and earnings for the first quarter of 1976 ended March 31, 1976. Truck (before discontinued operations) of $10,939 or $.02 per share for the first quarter of 1975. Consolidated net earnings, including discontinued operations in the First Quarter of 1975 amounted to $14,609 or $.03 per share. , The Board of Directors declared a regular quarterly dividend of $.06 per share payable May 15, 1976 to the stockholders of record on May Revenue for the quarter was 53,503,185, as compared with $2,771,252 forjhe same period in 1975, an increase of 26.4 percent. Net income increased to 594,096 or $.18. per share in the first quarter of 1. 1976. 1976 as compared to a loss Beehive Medical Electronics Notes Record Quarter Sales SALT LAKE per share versus $110,813 or 12 cents per share for the same period last year. Net CITY-Sa- les and earnings of Beehive Medical Electronics, Inc. (OTC 4.625, 5.125) reached second quarter and first half record levels for the period ending March 31, 1976 according to president and chief executive officer Warren Clifford. Net income after taxes for the quarter increased 34 percent to $148,552 or 16 cents sales and other increased $2,978,097, 38 income percent to up $2,158,570 achieved second quarter of 1975. from in the Gifford noted that March year recorded the sales highest figure for any month in. Beehives history. . Of this fiscal For the first half of the fiscal year, Clifford said Beehive had net earnings of $307,790, or 31 cents a share, compared with $206,841, or 23 cents a share, for the same period last year. Total sales were $5,492,887, compared to $4,282,130. The firm's projections for fiscal year 1976 are between 70 and 75 cents a share with sales projections of $12.5 million, according to Gifford. He. released Beehives figures in a speech at the Western Electronics Manufacturing Assn, spring conference in Monterey California. Beehive is a .Salt Lake based manufacturer of computer systems: Altex Sells Lease Block continued from page nine Altex, which derives over 60 percent of its oil production from the Greater Altamont-BluebeArea in Duschesne County, Utah to the east of the Diamond Fork acreage, has controlled substantial along the Hingeline for several years according to Wall. The company presently ll lease-holdin- gs owns interests in 57,800 net acres under 113,000 gross acres extending from Kane County, Utah in the south, north to Bear Lake County, Idaho, and to Lincoln County, Wyoming in the east, he explained. Browning Resigns to Prepare Trial Defense MORGAN, Utah-T- he board of directors of Browning Co. (OTC 3.50, 4.00), accepted the resignation of John Val Browning as the companys director and president at a special meeting held earlier this month. Browning For further information please call James Barrett , Chairman. Area Code 208 356-4229. has been indicted by a federal grand jury for obstruction of justice and making false declarations concerning the import of .22 caliber rifles from Belgium . and Japan. He has entered pleas of innocent to all char- ges. First Lombard Corporation Investment Bankers Salt Lake City Idaho Falls Browning made his res-- , ignation from the company and all its subsidiaries in order for him to devote full time to his defense of the allegations. Harmon G. Williams, executive vice president of Browning Co., was elected by the board to serve as president and chief executive. Williams has been a director of the company since 1959. " No action was taken to name a replacement director. |