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METRO TEL REPORTS THIRD QUARTER RESULTS

 METRO TEL REPORTS THIRD QUARTER RESULTS
 JERICHO, N.Y., April 23 /PRNewswire/ -- Operating more efficiently


and economically, Metro Tel Corp. (NASDAQ: MTRO) today reported a profit for the quarter.
 For the third quarter, the company reported sales of $1,170,706 and net earnings of $37,525 or $.02 per share. This compared with sales of $1,203,230 and net earnings of $153,904 or $.07 per share for the same quarter of last year.
 Revenues for the nine month period ended March 31, 1992, were $3,202,678 with a net loss of $30,186 or $.02 per share compared with sales of $3,678,223 and net earnings of $138,753 or $.06 per share for the same period of fiscal 1991.
 Reflected in the three and nine month periods of fiscal 1991 was the patent infringement settlement with AT&T.
 V. J. Indelicato, president of Metro Tel, a manufacturer of telephone test and peripheral equipment, described the quarter as a turnaround point for the company. He emphasized that despite lower sales, due to the recessionary climate and despite heavy expenses connected with the company's patent infringement suit against Harris Corporation, the company's past belt-tightening efforts enabled the company to reverse the loss trend of past quarters.
 Indelicato was optimistic for the balance of the year as the company continues to emerge from the recession.
 METRO TEL CORP.
 (Unaudited)
 Periods ended Three Months Nine Months
 March 31 1992 1991 1992 1991
 Sales $1,170,706 $1,203,230 $3,202,678 $3,678,223
 Earnings (loss)
 before income taxes 62,541 241,602 (50,130) 216,351
 Income taxes (credits) 25,016 87,698 (20,124) 77,598
 Net earnings (loss) 37,525 153,904 (30,186) 138,753
 Provision for dividends
 on redeemable
 preferred stock -- 6,300 6,300 18,900
 Net earnings (loss)
 applicable to
 common stock $ 37,525 $ 147,604 $ 36,486 $ 119,853
 Net earnings (loss)
 per share $.02 $.07 $(.02) $.06
 Weighted average
 shares outstanding 2,004,046 2,004,046 2,004,046 2,004,046
 -0- 4/23/92
 /CONTACT: V. Indelicato, president of Metro Tel, 516-937-3420/
 (MTRO) CO: Metro Tel Corp. ST: New York IN: TLS SU: ERN


GK-OS -- NY035 -- 1727 04/23/92 10:02 EDT
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Publication:PR Newswire
Date:Apr 23, 1992
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