George Risk Industries Inc. Announces 3rd Quarter Results


Earnings for manufacturer George Risk Industries Inc. (GRI) in the quarter ended Jan. 31 were $2.916 million, as opposed to $2.971 million for the same period ended Jan. 31, 2001, just a 1.85-percent decrease. Year-to-date sales for the company are $9.3 million, as opposed to $10.36 million for the same period in 2001. Net income for the third quarter was $460,000, as compared to $413,000 for the same period this past year; this represents an 11.38-percent increase over the same period in 2001.

Net income of the nine months ended Jan. 31 was $1.277 million, as compared to $1.550 million for the same period this past year. Earning per common share for the third quarter were 8 cents, and while the year-to-date earnings were 23 cents. Results for the third quarter and nine months ended Jan. 31, 2001 were 7 cents and 26 cents per share, respectively.

Ken Risk, president and CEO of GRI, says, “Sales remain fairly consistent. Considering what our nation’s economy has been going through over the past six months, I’d say George Risk Industries has proven its stability and backbone in the marketplace. We continue to strive with our good product quality and customer service.”

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