LV manufacturer’s operating loss declines

Thursday, Oct. 14, 1999 | 11:53 a.m.

Paul-Son Gaming Corp. of Las Vegas reported net income of $20,000, or 1 cent per share, for the quarter ending Aug. 31. That's an improvement from a net loss of $298,000, or 9 cents a share, reported in the year-ago quarter.

Paul-Son's profitable quarter was directly caused by an after-tax gain of $60,000, or 2 cents per share, from the sale of certain non-operating assets. The company's operating loss was $9,000, improved from an operating loss of $459,000 one year ago.

The company reported revenues of $6.36 million, up 11.6 percent from the year-ago quarter.

Paul-Son Chairman and CEO Eric Endy said the company expects to continue to improve earnings in future quarters with the opening of a furniture manufacturing division at its plant in San Luis, Mexico. Endy also said the company's Authentic Products subsidiary, which manufactures playing cards and commemorative chips for non-gaming markets, has begun to receive its first orders.

"We hope this will be the beginning of solid revenues for that business unit," Endy said.

Paul-Son manufactures and sells casino table game equipment.