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APL CORPORATION REPORTS RESULTS

 APL CORPORATION REPORTS RESULTS
 MIAMI, May 15 /PRNewswire/ -- APL Corporation today reported


results for the six months and the quarter ended March 31, 1992.
 Consolidated net sales for the current six months amounted to $39.7 million compared to $56.3 million in the prior year's comparable period. The net loss for the six months ended March 31, 1992 amounted to $11,095,000, or $2.98 per share, compared to a net loss of $7,385,000, or $1.98 per share, in the comparable period of 1991.
 For the quarter ended March 31, 1992, the company's net sales amounted to $16.7 million compared to $27.9 million in the prior year's comparable quarter. Net loss for the quarter ended March 31, 1992 was $5,147,000, or $1.38 per share, compared to a net loss of $3,924,000, or $1.05 per share, in the prior year's comparable quarter.
 APL CORPORATION AND SUBSIDIARIES
 Three months ended Six months ended
 March 31, March 31,
 1992 1991 1992 1991
 (In thousands, except per share amounts)
 Net sales $16,728 27,915 39,657 56,339
 Cost of sales 14,262 21,870 32,394 44,318
 Selling, general and
 administrative expenses 4,899 7,592 11,255 14,893
 Total 19,161 29,462 43,649 59,211
 Operating loss (2,433) (1,547) (3,992) (2,872)
 Other income (expense) net (2,696) (2,352) (7,053) (4,463)
 Loss before income
 taxes (5,129) (3,899) (11,045) (7,335)
 Provision for income taxes 18 25 50 50
 Net loss $(5,147) (3,924) (11,095) (7,385)
 Net loss per share $ (1.38) $(1.05) $(2.98) (1.98)
 Common shares 3,727 3,727 3,727 3,727
 -0- 5/15/92
 /CONTACT: Chuck Nolan, vice president of APL Corporation, 305-866-7771/ CO: APL Corporation ST: Florida IN: SU: ERN


JB-JJ -- FL026 -- 1011 05/15/92 18:00 EDT
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Publication:PR Newswire
Date:May 15, 1992
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