Income Statement for HASTINGS MANUFACTURING CO (HGMG)

Income Statement for HASTINGS MANUFACTURING CO
Dec 31, 2002 Dec 31, 2001 Dec 31, 2000
Profit
Total Revenue 35,827,000 34,795,000 35,255,000
Cost of Revenue 25,004,000 24,646,000 25,741,000
Gross Profit 10,823,000 10,148,000 9,514,000
Operating Expenses
Research Development - - -
Selling General and Administrative 9,617,000 8,568,000 9,009,000
Non Recurring - - -
Others - - -
Total Operating Expenses - - -
Operating Income or Loss 1,206,000 1,580,000 505,000
Income from Continuing Operations
Total Other Income/Expenses Net -30,000 751,000 60,000
Earnings Before Interest And Taxes 1,176,000 2,332,000 566,000
Interest Expense 381,000 612,000 754,000
Income Before Tax 795,000 1,720,000 -188,000
Income Tax Expense 290,000 672,000 271,000
Minority Interest - - -
Net Income From Continuing Ops 505,000 1,048,000 -459,000
Non-recurring Events
Discontinued Operations - - -
Extraordinary Items - - -
Effect Of Accounting Changes - - -
Other Items - - -
Net Income
Net Income 505,000 1,048,000 -459,000
Preferred Stock And Other Adjustments - - -
Net Income Applicable To Common Shares 505,000 1,048,000 -459,000