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GENERAL AUTOMATION SHOWS NET INCOME OF $296,000 ON SALES OF $48 MILLION FOR FY91

 GENERAL AUTOMATION SHOWS NET INCOME OF $296,000
 ON SALES OF $48 MILLION FOR FY91
 ANAHEIM, Calif., Dec. 17 /PRNewswire/ -- General Automation Inc. (AMEX: GA) today announced net income of $296,000, or $.03 a share, on sales of $48,647,000 for the fiscal year ended Sept. 30, 1991. The figures represented a substantial improvement over last fiscal year ended June 30, 1990, when a net loss of $221,000, or $.02 a share, was reported against sales of $39,248,000. The company changed its fiscal year to end Sept. 30 (in place of June 30) in order to coincide with the fiscal year periods used by its related companies, Sanderson Electronics PLC and SGA Pacific, Ltd.
 GA President Leonard N. Mackenzie said, "These results are particularly gratifying in that they were achieved in a difficult economic climate. They are evidence of the broad acceptance of the Advantager Series of products we introduced in January. GA has achieved a major role in the Pickr marketplace and now offers a complete line of business computer systems accommodating the needs of users requiring up to more than 1000 terminals."
 General Automation provides business computer systems, related system-level and vertical market application software and field service operations through a multinational network of computer marketing, support and service companies. General Automation, Inc. is part of a consortium of companies with operations in the United States, United Kingdom, Europe, Latin America, East Asia and the South Pacific.
 GENERAL AUTOMATION, INC. AND SUBSIDIARIES
 Consolidated Statement of Operations
 (Dollars in thousands, except per share amounts)
 12 Months Ended
 Sept. 30, June 30,
 1991 1990
 Sales $48,647 $39,248
 Costs and expenses:
 Cost of sales 29,357 24,952
 Research and development 2,700 2,084
 Selling and
 administrative 14,891 12,135
 Other, net (57) (357)
 Total 46,891 38,814
 Operating income (loss) 1,756 434
 Equity in earnings of
 General Automation,
 Ltd. (U.K.) 293 ---
 Equity in income
 of SGA Pacific, Ltd. --- 403
 Interest expense, net (1,043) (963)
 Income (loss) before
 income taxes and
 extraordinary item 1,006 (126)
 Provision for income taxes 536 689
 Minority interest in
 SGA Pacific, Ltd. 248 ---
 Income (loss) before
 extraordinary income 222 (815)
 Extraordinary income 74 594
 Net income (loss) $296 ($221)
 Per share-primary:
 Income (loss)
 before extraordinary items $.02 ($.08)
 Extraordinary income .01 .06
 Net income (loss) $.03 ($.02)
 -0- 12/17/91
 /CONTACT: Donald Rutherford or Len Mackenzie of General Automation, 714-778-4800; or Jim Clark of Lloyd and Clark, 818-990-1235, for General Automation/
 (GA) CO: General Automation ST: California IN: CPR SU: ERN


SE -- LA018 -- 3104 12/17/91 16:17 EST
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Publication:PR Newswire
Date:Dec 17, 1991
Words:439
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