FOODARAMA RESULTS CLIMB IN QUARTER; NET OFF IN HALF

FREEHOLD, N.J. -- Foodarama Supermarkets here said a significant increase in promotional activity was largely responsible for boosting sales for the second quarter and the 26 weeks ended May 1. Net income rose 46.1% to $377,000 for the quarter but declined 14.1% to $912,000 for the first half. Operating cash flow rose 43.8% to $4.9 million for the second quarter of 1999 and rose 28.2% to $10.0 million

FREEHOLD, N.J. -- Foodarama Supermarkets here said a significant increase in promotional activity was largely responsible for boosting sales for the second quarter and the 26 weeks ended May 1.

Net income rose 46.1% to $377,000 for the quarter but declined 14.1% to $912,000 for the first half. Operating cash flow rose 43.8% to $4.9 million for the second quarter of 1999 and rose 28.2% to $10.0 million year to date.

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