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KRUG INTERNATIONAL ANNOUNCES FISCAL 1993 FIRST QUARTER RESULTS

 KRUG INTERNATIONAL ANNOUNCES FISCAL 1993 FIRST QUARTER RESULTS
 DAYTON, Ohio, July 28 /PRNewswire/ -- KRUG International (NASDAQ: KRUG) today announced fiscal 1993 first quarter results. Revenues for the first quarter ended June 30, 1992 were $24.4 million, an increase of 7.5 percent from the $22.7 million recorded in the first quarter last year. In the fiscal 1993 first quarter, all three of the corporation's businesses -- U.S. Aerospace Services and the U.K. Leisure Marine Distribution and the U.K. Housewares Manufacturing units -- contributed to the increase in revenues over the prior year's first quarter.
 Earnings from operations for the first quarter of fiscal 1993 were $610,000 or $.15 per share compared to $482,000 or $.12 per share for the comparable period in fiscal 1992. The increase is primarily a result of improved operations in the United Kingdom. Net earnings for the first quarter of fiscal 1993 were $610,000 or $.15 per share compared to $611,000 or $.15 per share for the first quarter of fiscal 1992. Net earnings for the first quarter of fiscal 1992 included the cumulative effect of a change in accounting principle ($129,000 or $.03 per share).
 Through its three businesses -- Aerospace Services in the U.S.; Leisure Marine Distribution and Housewares Manufacturing in the U.K. -- KRUG International provides government, industry and consumers with a wide variety of products and services.
 In the U.S., the Aerospace business has been providing technical and professional services to NASA and the Department of Defense for more than thirty years in life sciences research, laboratory operations, and biotechnology development. Included in Aerospace is the Alpha Net Division, a network communications company that designs, installs and maintains local and wide area networks for data, voice and video communications with emphasis on fiber optics.
 In the U.K., KRUG International manufactures housewares and garden products and distributes leisure marine equipment.
 KRUG International common shares are traded on the NASDAQ National Market System, symbol KRUG; Wall Street Journal OTC National Market issue, symbol KRUG.
 KRUG INTERNATIONAL FIRST QUARTER RESULTS
 Amounts in $000's, except share and per share amounts
 Three Months Ended June 30
 1992 1991
 Revenues $24,420 $22,730
 Earnings Before Cumulative
 Effect of Change in Accounting
 Principle (Earnings from
 Operations) $ 610 $ 482
 Cumulative Effect of Change in
 Accounting Principle -- $ 129
 Net Earnings $ 610 $ 611
 Earnings Per Share Before
 Cumulative Effect of Change
 in Accounting Principle $ .15 $ .12
 Net Earnings Per Share $ .15 $ .15
 Average Common and Common
 Equivalent Shares Outstanding 4,119,469 4,123,877
 -0- 7/28/92
 /CONTACT: Ellen H. Geron, director-corporate communications of KRUG International, 513-224-9066/
 (KRUG) CO: Krug International ST: Ohio IN: ARO LEI HOU SU: ERN


BM -- CL018 -- 4190 07/28/92 15:08 EDT
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Publication:PR Newswire
Date:Jul 28, 1992
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