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JACO ELECTRONICS ANNOUNCES SECOND QUARTER AND SIX MONTHS RESULTS

 HAUPPAUGE, N.Y., Jan. 28 /PRNewswire/ -- Jaco Electronics, Inc. (NASDAQ-NMS: JACO) today announced net sales and earnings for the second quarter and six months ended Dec. 31, 1992.
 Earnings for the second quarter ended Dec. 31, 1992 increased 216 percent to $297,000 or $.17 per share, compared with earnings in the second quarter of fiscal 1992 of $94,000 or $.06 per share. The increase in earnings was principally attributable to a strong increase in net sales and managements controlling of costs, which resulted in a decrease in selling, general and administrative expenses as a percentage of net sales to 18.7 percent compared to 20.3 percent for the comparable period last year. Net sales increased 25 percent to $23.5 million in the second quarter of fiscal 1993 compared with sales of $18.7 million in the second quarter of fiscal 1992.
 Earnings for the six months ended Dec. 31, 1992 were $584,000 or $.34 per share, compared with a loss of $(125,000) or $(.07) per share for the comparable period last year. The increase in net sales, prudent cost controls and general up-turn in the economy all contributed to the growth.
 Joel H. Girsky, chairman and chief executive officer of Jaco Electronics, Inc., commenting on the second quarter and six months results said, "Our second fiscal quarter continued to reflect the growth trend first seen in fiscal 1992. All segments of our business are growing and are profitable. At this point in time, I am optimistic about the prospects for continuing growth in both sales and earnings for the balance of this fiscal year.
 "I am pleased to announce that we have reached an agreement with Fujitsu, adding certain of their products to our list of franchised lines. Fujitsu will bring to us, yet another major manufacturer of high quality, high density disk drives."
 Jaco Electronics, Inc., founded in 1961, distributed electronic components and electromechanical devices, such as capacitors, semiconductors, relays, fractional horsepower electric motors, resistors and subsystems, for use in commercial, industrial, aerospace and defense applications. Jaco represents over 115 electronics manufacturers, selling nationally over its own sales force and independent representatives to over 10,000 customers.
 JACO ELECTRONICS, INC. AND SUBSIDIARIES
 Condensed Consolidated Statement of Operations
 (unaudited)
 Periods ended Three months Six months
 Dec. 31, 1992 1991 1992 1991
 Net sales $23,452,161 $18,723,289 $46,713,113 $36,333,808
 Earns. (loss)
 bef. inc.
 taxes 471,693 125,985 925,787 (76,277)
 Inc. tax expense 175,000 32,000 342,000 49,000
 Net earnings
 (loss) 296,693 93,985 583,787 (125,277)
 Net earnings
 (loss) per
 share $ .17 $ .06 $ .34 $ (.07)
 Weighted
 avg. shares
 outstanding 1,717,337 1,708,637 1,717,337 1,708,637
 -0- 1/28/93
 /CONTACT: Jeffrey G. Gash of Jaco Electronics, Inc., 516-273-5500/
 (JACO)


CO: Jaco Electronics, Inc. ST: New York IN: CPR SU: ERN

PS-LS -- NY020 -- 0118 01/28/93 09:49 EST
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Date:Jan 28, 1993
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