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NVF COMPANY ANNOUNCES RESULTS

 MIAMI, May 24 /PRNewswire/ -- NVF Company reported results for the quarter ended March 31, 1993.
 For the quarter ended March 31, 1993, the company reported net sales and operating revenues of $37.8 million and a net loss of $5.1 million ($.05 per share) compared with revenues of $48.3 million and a net loss of $7.6 million ($.08 per share) for the comparable period of 1992.
 NVF COMPANY
 Summary of Consolidated Operating Results
 (In thousands except per share amounts)
 Three Months Ended
 March 31,
 1993 1992
 Net sales and
 operating revenues $ 37,845 48,309
 Profit (loss) from
 operations $ 38 (1,395)
 Loss before provision
 for taxes on income,
 and equity in net earnings
 (loss) of affiliates $ (5,007) (7,589)
 Provision for
 taxes on income 27 33
 Loss before equity in
 net earnings (loss) of
 affiliates and
 extraordinary item (5,034) (7,622)
 Equity in net earnings
 (loss) of affiliates (73) 7
 Net loss $ (5,107) (7,615)
 Weighted average number
 of common and common
 equivalent shares
 outstanding, in
 thousands of shares 93,271 93,428
 Net loss per share $(.05) (.08)
 -0- 4/24/93
 /CONTACT: Robert Flack of NVF Company, 305-866-7771/


CO: NVF Company ST: Florida IN: SU: ERN

JB-SB -- FL015 -- 1895 05/24/93 17:45 EDT
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Publication:PR Newswire
Date:May 24, 1993
Words:214
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