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MULTI-COLOR ANNOUNCES SECOND QUARTER RESULTS

 CINCINNATI, Nov. 11 /PRNewswire/ -- Multi-Color Corporation (NASDAQ-NMS: LABL) today announced results for its second quarter ended Sept. 26, 1993.
 Sales for the thirteen weeks ended Sept. 26, 1993, increased 5.5 percent to $17,343,000 in the second quarter from $16,433,000 in the same prior year period. Unit sales of plastic in-mold labels increased by more than 30 percent offsetting weak conventional label sales. The company continues to see significant unit growth in plastic in-mold sales.
 For the quarter, the company reported a loss of $3,250,000 ($1.46 per share). This loss resulted from the previously announced $2,340,000 after tax restructuring charge ($1.05 per share), weak conventional label sales and the costs associated with the introduction of new in-mold label products.
 For the twenty-six weeks ended Sept. 26, 1993, the company's sales increased to $32,721,000, a 1 percent gain from the $32,375,000 reported in the same prior year period. The loss for the period was $3,477,000 compared to a profit of $369,000 in the same prior year period.
 John C. Court, president and chief executive officer, commented: "The continued growth in our in-mold label sales reflects the success of our strategy to invest in new technology. As the company moves beyond the costs of the new product introduction and restructuring, we expect improved operating results. The restructuring will take place over the next six months. The steps we are taking reflect our determination to address overcapacity in our conventional label business and to improve the company's ongoing profitability. Weakness in conventional label sales over the past several years has offset the significant growth in sales of our new products. The restructuring will enhance our ability to exploit new businesses and will not impact our development of new products. We anticipate full recovery of the restructuring charge through operating cost savings in less than three years. The consolidation is proceeding and is expected to be completed by the end of the third quarter."
 Multi-Color Corporation is one of the largest manufacturers of printed labels for branded consumer products in the United States. The company's shares are traded over-the-counter under the National Market System symbol LABL.
 MULTI-COLOR CORPORATION
 FINANCIAL HIGHLIGHTS
 (Thousands except per share amounts)
 Thirteen Weeks Ended Twenty-six Weeks Ended
 9/26/93 9/27/92 9/26/93 9/27/92
 Net Sales $17,343 $16,433 $32,721 $32,375
 Net Income (Loss) ($3,250) $42 ($3,477) $369
 Net Income (Loss)
 per share ($1.46) $.02 ($1.56) $.17
 Average Shares 2,227 2,201 2,231 2,206
 -0- 11/11/93
 /CONTACT: John D. Littlehale, vice president, of Multi-Color, 513-321-5381/
 (LABL)


CO: Multi-Color Corporation ST: Ohio IN: PAP SU: ERN

KL-SM -- CL008 -- 3125 11/11/93 09:49 EST
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Publication:PR Newswire
Date:Nov 11, 1993
Words:468
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