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PULASKI FURNITURE REPORTS RESULTS

 PULASKI, Va., May 13 /PRNewswire/ -- Pulaski Furniture Corporation (NASDAQ-NMS: PLFC), reported operating results for the first half (24 weeks) of its fiscal year and for the second quarter (12 weeks) ended April 18, 1993, and compared them with the results for the corresponding periods of 1992 as follows:
 PULASKI FURNITURE
 (Amounts in thousands)
 12 weeks ended 24 weeks ended
 4/18/93 4/19/92 4/18/93 4/19/92
 Net sales $30,538 $26,959 $60,131 $55,223
 Income before
 income taxes 1,044 344 2,149 659
 Net income 683 235 1,407 450
 Earnings per share $ 0.24 $ 0.08 $ 0.49 $ 0.16
 Results of operations for the second quarter of 1993 are consistent with those of the first quarter, which reflect a return to a better mix of production and shipments from fiscal 1992. Fewer units were shipped at promotional prices in the first half of fiscal 1993 than in the corresponding period for fiscal 1992, resulting in higher margins.
 The initial results of the April International Home Furnishings Market appear favorable. However, there is concern about the diminishing availability and increasing prices of lumber and wood products.
 The board of directors at its May 13, 1993, meeting declared a dividend of 13 cents per common share payable on June 15, 1993, to stockholders of record on June 1, 1993.
 -0- 5/13/93
 /CONTACT: Bernard C. Wampler, president of Pulaski Furniture, 703-980-7330/
 (PLFC)


CO: Pulaski Furniture Corporation ST: Virginia IN: HOU SU: ERN

PS-WB -- NY041 -- 8069 05/13/93 11:37 EDT
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Publication:PR Newswire
Date:May 13, 1993
Words:260
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