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NUTRAMAX REPORTS RECORD FIRST QUARTER SALES AND EARNINGS

 NUTRAMAX REPORTS RECORD FIRST QUARTER SALES AND EARNINGS
 GLOUCESTER, Mass., Jan. 13 /PRNewswire/ -- Nutramax Products, Inc. (NASDAQ: NMPC), a manufacturer and marketer of private-label health and personal care products, reported record sales and earnings for the first quarter ended Dec. 31, 1991.
 Sales for the quarter were $5,390,000, an increase of 22 percent over first quarter 1991 sales of $4,411,000. Gross profit increased to a record $2,311,000, or 30 percent over the 1991 first quarter gross profit of $1,772,000. As a percentage of sales, gross profit increased to 43 percent in fiscal 1992 from 40 percent in fiscal 1991. Net income for the quarter increased to a record $631,000, or 8 cents per share, based on 8,087,000 shares outstanding, in fiscal 1992 from $268,000, or 5 cents per share, based on 5,895,000 shares outstanding, in the comparable fiscal 1991 quarter.
 The company attributed its strong showing to greater market penetration, from existing customers as well as new customers, increased retailer promotional support and new products. In addition, earnings continued to benefit from ongoing cost-reduction programs.
 NUTRAMAX PRODUCTS, INC.
 Operating Results
 Three months ended
 Dec. 31,
 1991 1990
 Net sales $5,390,000 $4,411,000
 Gross profit 2,311,000 1,772,000
 Net income $631,000 $268,000
 Earnings per share 8 cents 5 cents
 Weighted average
 shares outstanding 8,087,000 5,895,000
 -0- 1/13/92
 /CONTACT: Michael F. Sandler, chief financial officer of Nutramax Products, 609-665-9300/
 (NMPC) CO: Nutramax Products, Inc. ST: Massachusetts IN: HOU SU: ERN


SH -- NE012 -- 9066 01/13/92 11:54 EST
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Publication:PR Newswire
Date:Jan 13, 1992
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