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MATTHEWS 1991 EARNINGS INCREASE 360 PERCENT ON REVENUE INCREASE OF 21 PERCENT

 MATTHEWS 1991 EARNINGS INCREASE 360 PERCENT
 ON REVENUE INCREASE OF 21 PERCENT
 BURBANK, Calif., Dec. 9 /PRNewswire/ -- Matthews Studio Equipment Group (NASDAQ: MATT), Burbank, reported revenues of $24,030,000 for the fiscal year ended Sept. 30, 1991 compared to $19,889,000 for the year ended Sept. 30, 1990. This represents an increase of almost 21 percent.
 Net income increased approximately 360 percent to $1,649,000 ($.20 per share) for the fiscal year ended Sept. 30, 1991 compared to $456,000 ($.06 per share) for the year ended Sept. 30, 1990.
 MATTHEWS STUDIO EQUIPMENT GROUP
 Year Ended Sept. 30
 1991 1990
 Total revenue $24,030,045 $19,888,584
 Income before income
 taxes 2,758,611 700,862
 Net income 1,648,611 455,862 (a)
 Net Income per share -
 primary and fully diluted .20 .06 (a)
 (a) Includes $35,000 ($.01 per share) extraordinary credit.
 Matthews Studio Equipment Group designs, manufactures, sells and rents grip camera and lighting support equipment and accessories for the film, television and commercial photography production industries. In addition it designs, manufactures and rents proprietary electronic Cam-Remote (R) Systems.
 -0- 12/9/91
 /CONTACT: Gregory Moiseeff and Jack Brehm of Matthews Studio Equipment Group, 818-843-6715/
 (MATT) CO: Matthews Studio Equipment Group ST: California IN: ENT SU: ERN


DM-AL -- LA002 -- 0384 12/09/91 08:32 EST
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Publication:PR Newswire
Date:Dec 9, 1991
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