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ANDAL CORP. SECOND QUARTER RESULTS

 NEW YORK, May 4 /PRNewswire/-- Andal Corp. today reported a net loss of $290,000, or $.04 per share, for its fiscal 1993 second quarter which ended March 31, 1993, compared with a net loss of $356,000 or $.05 per share, in the comparable quarter ended March 31, 1992. Revenues were $6,058,000 in the current quarter compared with $5,356,000 last year.
 For the six months ended March 31, 1993, Andal reported a net loss of $910,000, or $.14 per share, from revenues of $11,184,000, compared with a net loss of $1,488,000, or $.23 per share, from revenues of $10,301,000 in the six months ended March 31, 1992.
 The prior year net loss for the three months and six months ended March 31, 1992 included a provision for loss from discontinued operations of $52,000, or $.01 per share, and $261,000, or $.04 per share, respectively.
 Andal, through its Multi-Arc Scientific Coatings Division, is engaged in surface enhancement as a leading provider of thin-film metal coating services and systems. Andal also owns a 21 percent interest in Steve's Homemade Ice Cream, Inc. a seller, franchiser, and distributor of premium and super-premium ice cream and frozen yogurt.
 ANDAL CORP. AND SUBSIDIARIES
 Consolidated Summary of Operations
 (unaudited and in thousands of dollars, except per share amounts)
 Three months Six months
 Periods ended March 31, 1993 1992 1993 1992
 Operating revenues $6,058 $5,356 $11,184 $10,301
 Operating income (loss) 105 160 (52) (238)
 Income (loss) from continuing
 operations (290) (304) (910) (1,227)
 Loss from discontinued
 operations -- (52) -- (261)
 Net income (loss) (290) (356) (910) (1,488)
 Income (loss) per common share:
 Inc. from continuing operations $(.04) $(.04) $(.14) $(.19)
 Loss from discontinued operations -- (.01) -- (.04)
 Net income (loss) $(.04) $(.05) $(.14) $(.23)
 -0- 5/4/93
 /CONTACT: Michael S. Huber of Andal, 212-688-4440/


CO: Andal Corp. ST: New York IN: SU: ERN

SH-LR -- NY064 -- 4440 05/04/93 15:15 EDT
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Publication:PR Newswire
Date:May 4, 1993
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