In 1988, net from operations included $1,188,282 which the company received from its suit against Texaco Inc. and Gulf Oil Corp. non-recurring charges of $1,813,988.
Results for the latest first quarter included about $600,000 of non-recurring charges related to repositioning the company's case product offerings.
TeleGlobe Inc has reported first quarter net profit of $9.8m against losses of $4.5m last time, after $7m non-recurring charges last time, on turnover up 25.7% to $112.9m.
In a normal year, sure, but we have a few non-recurring charges, and once they're out of the way-- The sewer assessment.
The 1986 loss includes the previously announced non-recurring charges of $34 million related to the restructuring of the company's Bojangles' restaurant subsidiary.
Fiscal 1989 net from continuing operations included a non-recurring charge of $1,601,000, exclusive of income tax recovery, relating to litigation.
Next month it is expected to rule on another round of fees, "non-recurring" charges that entrants will be required to pay Nynex for the use of its network.
Electronic Associates Inc has reported first quarter net losses of $827,000, after $183,000 non-recurring charges, against profits of $20,000 last time, on turnover that rose by 20.8% to $11.1m.
The latest periods' nets lowered by about $11 million due to non-recurring charges, principally for formation and funding of a foundation to make charitable contributions.
Before yesterday's announcement, analyst forecasts were close to the actual net income before non-recurring charges.