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HARLYN PRODUCTS PROFITS INCREASE 26 PERCENT FOR FISCAL FIRST QUARTER

HARLYN PRODUCTS PROFITS INCREASE 26 PERCENT FOR FISCAL FIRST QUARTER
 LOS ANGELES, Nov. 14 /PRNewswire/ -- Harlyn Products Inc. (AMEX: HRN) today announced a 26 percent increase in first quarter net income on a sales increase of 1 percent. While net sales for the first quarter were $6,361,000 compared to $6,321,000 last year, net income increased to $347,000 or $.08 per share compared to $276,000 or $.06 per share in the prior year period.
 Harold Weisbrod, chairman of the board of directors, commented, "I am pleased that our cost reduction efforts have enabled Harlyn to increase profitability.
 "In addition, during October, we acquired Ro-Mel Manufacturing Inc. This operation will be consolidated into our Los Angeles facilities in the near future which will further reduce costs and improve operating efficiencies.
 "Through economic conditions remain negative, I believe our increased marketing efforts, the Ro-Mel acquisition and the continuing expansion of Harlyn Thailand into international markets will improve our future sales.
 "We will of course continue to monitor our costs and efficiencies in order to become more responsive to our seasonal fluctuations.
 "The combination of these factors will not only improve our current sales and profits, but also favorably position Harlyn for greater profits when the economy improves."
 Harlyn Products Inc. is a Los Angeles-based jewelry manufacturer. The company dominates a segment of the industry known as family jewelry: rings mothers wear which contain the birthstones of their children. The company provides approximately 5,000 different designs to more than 20,000 independent, chain and department store jewelry outlets.
 HARLYN PRODUCTS INC.
 Operating Results
 (Unaudited)
 First Quarter Ended
 Sept. 30,
 1991 1990
 Net sales $6,361,000 $6,321,000
 Net income $347,000 $276,000
 Earnings per share $.08 $.06(a)
 Average shares
 outstanding 4,580,946 4,788,031(a)
 (a) Adjusted to reflect the 25 percent Common Stock split of May, 1991.
 -0- 11/14/91
 /CONTACT: Edward Dudziak or Randall Monson, both of Harlyn Products Inc., 213-746-0745/
 (HRN) CO: Harlyn Products Inc. ST: California IN: SU: ERN CB-AL -- LA012 -- 4494 11/14/91 13:43 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Date:Nov 14, 1991
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