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K-TEL ANNOUNCES RESULTS FOR THE SECOND QUARTER ENDED DEC. 31, 1991

 K-TEL ANNOUNCES RESULTS FOR THE SECOND QUARTER ENDED DEC. 31, 1991
 MINNEAPOLIS, Feb. 17 /PRNewswire/ -- K-tel International, Inc. (OTC) reported for the six months ended Dec. 31, 1991, consolidated net sales of $20,647,000 with operating income of $794,000 and net income of $352,000 or $.10 per share. Consolidated net sales for the same period last year were $18,630,000 with operating income of $338,000 and net income of $191,000 or $.05 per share. Sales increased 11 percent compared to prior year due to continuing strong results form the company's European subsidiaries.
 Operating results for the first half of the fiscal year are not necessarily indicative of the results that may be expected for the year as a whole.
 K-TEL INTERNATIONAL INC.
 Summary of Consolidated Financial Information
 (Unaudited, in thousands except per share data)
 Periods ended Three months Six months
 Dec. 31 1991 1990 1991 1990
 Net sales $13,648 $11,825 $20,647 $18,630
 Income before inc. taxes 631 315 866 660
 Provision for inc. taxes (349) (265) (514) (469)
 Net income $ 282 $ 50 $ 352 $ 191
 Inc. per share of
 common stock $ .08 $ .01 $ .10 $ .05
 Weighted average
 share outstng. 3,600 3,640 3,600 3,640
 -0- 2/17/92
 /CONTACT: Mark Dixon, vice president-finance of K-Tel, 612-559-6820/ CO: K-tel International, Inc. ST: Minnesota IN: SU: ERN


TS-AH -- NY018 -- 0570 02/17/92 12:56 EST
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Publication:PR Newswire
Date:Feb 17, 1992
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