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JETRONIC INDUSTRIES, INC. REPORTS NET PROFIT FOR QUARTER ENDED APRIL 30, 1993 AND CONTRACT ADDITION

 PHILADELPHIA, June 23 /PRNewswire/ -- Jetronic Industries, Inc. (AMEX: JET) today reported net income of $148,000 ($.04 per share) for the first quarter ended April 30, 1993 compared to a net loss of $169,000 ($.06 per share) for the quarter ended April 30, 1992. Revenues were $6,108,000 for the quarter ended April 30, 1993 compared to $5,406,000 for the quarter ended April 30, 1992.
 An additional $2.1 million award was made to an existing U.S. Government contract at Philadelphia.
 Jetronic Industries, Inc. is a diversified company engaged in the design, manufacture and marketing of electronic communication and navigation devices and energy conversion products.
 JETRONIC INDUSTRIES, INC.
 CONSOLIDATED STATEMENT OF OPERATIONS
 (in 000's, except per share data)
 Three Months
 Ended April 30
 1993 1992
Net Sales $6,108 $5,406
Income (loss) before income taxes 160 (169)
Income tax provision 12 --
Net income (loss) 148 (169)
Net income (loss) per share .04 (.06)


Weighted average number of
 shares outstanding 3,722 2,876
 -0- 6/23/93
 /CONTACT: Leonard W. Pietrzak, vice president of finance of Jetronic Industries, Inc., 215-482-7660/
 (JET)


CO: Jetronic Industries, Inc. ST: Pennsylvania IN: SU: ERN

MP-MG -- NY042 -- 5008 06/23/93 12:32 EDT
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Date:Jun 23, 1993
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