Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, June 16, 1990 TAG: 9006160121
SECTION: BUSINESS PAGE: A5 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Short
GETTY EARNINGS FALL
Getty Petroleum Corp., new owner of Getty Marts, formerly Hop-In Food
Stores of Roanoke, reported a sharp decline in first-quarter earnings. The
drop from $7.7 million a year ago to $200,000 for the quarter ending April 20
was blamed on "extreme volatility" in the cost of gasoline, a very competitive
reselling market and $1.1 million of expenditures for environmental
compliance. Revenues reached $251 million, down from $273.4 million, for the
Jericho, N.Y., company. - Staff report
by CNB