USA: CEDC announces preliminary first quarter results

By Sarah Diston | 1 May 2001

Central European Distribution Corporation (CEDC), the leading US importer of beers, wines and spirits is expecting revenues for the second quarter 2001 to increase by 42% over the second quarter of 2000. Announcing its preliminary financial results for the first quarter of 2001 today, CEDC also said it expects its un-audited net income to be $379,000 or $0.09 per fully diluted share. This is $0.04 better than previous estimates and compares to $24,000 or $0.01 per fully diluted share in the same period of 2000.

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Central European Distribution Corporation (CEDC), the leading US importer of beers, wines and spirits is expecting revenues for the second quarter 2001 to increase by 42% over the second quarter of 2000. Announcing its preliminary financial results for the first quarter of 2001 today, CEDC also said it expects its un-audited net income to be $379,000 or $0.09 per fully diluted share. This is $0.04 better than previous estimates and compares to $24,000 or $0.01 per fully diluted share in the same period of 2000.

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