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KRUG INTERNATIONAL ANNOUNCES FISCAL 1994 FIRST QUARTER RESULTS

 DAYTON, Ohio, July 27 /PRNewswire/ -- KRUG International (NASDAQ-NMS: KRUG) today announced fiscal 1994 first quarter results. Revenues for the first quarter ended June 30, 1993, were $23.7 million, compared to $24.4 million for the first quarter last year.
 Net earnings for the first quarter of fiscal 1994 were $1,043,000 or $.24 per share compared to $610,000 or $.14 per share for the first quarter of fiscal 1993. These results include a $211,000 after-tax loss provision principally related to reserves for contract closeouts and a $473,000 after-tax gain from the sale of an unused building in the U.K.
 Commenting on these results, Maurice F. Krug, chairman and chief executive officer, stated, "The corporation is continuing to see progress as shown by the improved earnings. Our progress is reflected in the increase in the corporation's stock price."
 Through its three businesses -- Life Sciences and Engineering 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.
 KRUG INTERNATIONAL
 (Amounts in $000's, except share and per share amounts)
 Three Months Ended June 30, 1993 1992
 Revenues $ 23,738 $ 24,420
 Net Earnings $ 1,043 $ 610
 Net Earnings Per Share $ .24 $ .14
 Average Common and Common
 Equivalent Shares Outstanding 4,356,642 4,326,818
 -0- 7/27/93
 /CONTACT: Ellen H. Geron, director, corporate communications, KRUG International, 513-224-9066/
 (KRUG)


CO: KRUG International ST: Ohio IN: ARO LEI SU: ERN

AR -- CL008 -- 6303 07/27/93 14:03 EDT
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Date:Jul 27, 1993
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