Flamemaster Expects Increased Earnings
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Flamemaster Corp. of Sun Valley has announced it expects earnings of approximately 30 cents per share on revenues of more than $44 million for the fiscal year ended Sept. 30, compared to 21 cents per share for fiscal 1997 (adjusted for a 20% stock dividend, paid in April 1998).
The board of directors expects to pay a quarterly dividend of 3 cents on Jan. 26 to shareholders of record Jan. 7.
Flamemaster is a specialty chemicals manufacturer serving the aerospace and defense industries. Flamemaster also holds a major interest in PerfectData Corp., a computer accessories and service company.
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