St. Paul, MN--August 22, 1996--Micro Component Technology Inc. (St. Paul, MN) reported results for its fourth quarter fiscal 1996, ended June 29, 1996. Net sales for the quarter were $4.2 million, compared to $5.8 million from the same period a year ago. Net income was a loss of $366,000 versus a loss of $2.6 million in the fourth quarter of the prior year. Earnings per share for the fourth quarter was a loss of $0.05 versus a loss of $0.51 for the fourth quarter of last year.
Net sales for the fiscal year 1996 ended June 29, 1996 were $22.3 million with net income of $3.2 million compared to the prior year net sales of $23.6 million and a net loss of $1.3 million. The company reported earnings per share of $0.44 for this year versus a loss of $0.25 per share a year ago.
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