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DOLCO PACKAGING CORP. ANNOUNCES THIRD QUARTER RESULTS

 SHERMAN OAKS, Calif., Nov. 2 /PRNewswire/ -- Dolco Packaging Corp. (NASDAQ: DPKG) reported today that net sales for the third quarter of 1993 amounted to $15,629,000 with a net income of $850,000, or $.65 per common share after preferred dividends were deducted. These results compare to third quarter 1992 net sales of $14,104,000 with a net income of $492,000 or $.28 per common share after preferred dividends for the same period in 1992.
 Net income for the first nine months of 1993 was $2,858,000 or $2.26 per common share after preferred dividends on sales of $46,176,000 compared to a net income of $1,360,000 or $.73 per common share after preferred dividends on sales of $42,644,000 for the same period of 1992.
 The 1993 improvement over the same periods of 1992 reflects the results of increased sales volume. Dolco is still subject to seasonality, although the seasonal impact on Dolco's earnings is being partially mitigated by its new product lines.
 Dolco Packaging Corp. is a manufacturer of plastics packaging products.
 Qtr. Sept. 30: 1993 1992
 Sales $15,629,000 $14,104,000
 Net income $850,000 $492,000
 Average shares 982,418 940,353
 Share earns:
 Net income $.65 $.28
 Nine months:
 Sales $46,176,000 $42,644,000
 Net income $2,858,000 $1,360,000
 Average shares 975,753 940,353
 Share earns:
 Net income $2.26 $.73
 -0- 11/2/93
 /CONTACT: Maggie H. Earley, 818-995-1409, Ext. 304/
 (DPKG)


CO: Dolco Packaging Corp. ST: California IN: SU: ERN

MF-JN -- LA021 -- 9622 11/02/93 11:53 EST
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Publication:PR Newswire
Date:Nov 2, 1993
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