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PUBLISHERS EQUIPMENT CORPORATION ANNOUNCES RESULTS

 PUBLISHERS EQUIPMENT CORPORATION ANNOUNCES RESULTS
 DALLAS, Aug. 10 /PRNewswire/ -- Dallas based Publishers Equipment


Corporation, today announced net income of $1,000 for the second quarter of 1992 on revenues of $4,138,000. These results compare to a loss of $1,625,000 on revenues of $2,689,000 for the second quarter of 1991.
 PUBLISHERS EQUIPMENT
 (In thousands, Unaudited)
 Three Months Six Months
 Period ended June 30 1992 1991 1992 1991
 Revenues $ 4,138 $ 2,689 $ 8,320 $ 4,666
 Income (loss) from
 continuing
 operations,
 including equity in
 loss of affiliate 1 (1,373) (119) (2,532)
 Loss from
 discontinued
 operations -- (252) -- (3,268)
 Net Income (loss) $ 1 $(1,625) $ (119) $(5,800)
 Loss Per Common
 Share:
 Continuing
 operations $ -- $ (0.28) $ (0.02) $ (0.52)
 Discontinued
 operations -- (0.05) -- (0.67)
 Net loss $ -- $ (0.33) $ (0.02) $ (1.19)
 Average Shares
 Outstanding 4,866,337 4,862,036 4,864,186 4,862,036
 In announcing the second quarter results, Evans Kostas, chairman and chief executive officer, cited the improved operating performance of its wholly owned single-width equipment subsidiary King Press Corporation and the company's reduced exposure to the financial results of an affiliated double-width equipment operation. The improved financial results in 1992 were achieved in spite of a continued recession affecting the domestic markets served by the company.
 -0- 8/10/92
 /CONTACT: Roger R. Baier of Publishers Equipment Corporation, 214-931-2312/ CO: Publishers Equipment Corporation ST: Texas IN: PUB SU: ERN


LR -- NY051 -- 8522 08/10/92 12:28 EDT
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Publication:PR Newswire
Date:Aug 10, 1992
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