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ROYAL OPTICAL REPORTS IMPROVED RESULTS FOR 3RD QUARTER

 DALLAS, Feb. 19 /PRNewswire/ -- Royal Optical had a net loss of $3.9 million on sales of $28.6 million in the third quarter of 1992, a substantial reduction from the $4.8 million loss reported in the third quarter of 1991 on sales of $28.8 million.
 According to George McHenry, chief financial officer, net income for the third quarter, historically the company's weakest period, was favorably impacted by stringent cost controls, the continued restructure of the company's retail network and increasing comparable store sales.
 "Comparable store sales increased by 3 percent for the third quarter and by 2 percent in January," McHenry said. "This continued increase is the result of strong sales efforts by the company, including enhanced merchandise selection and higher sales of premium lens products."
 During the third quarter of 1992, Royal began a financial restructuring of the company and, based on discussions with its senior leader, Royal currently expects to reach an agreement in principle in the fourth quarter to significantly reduce and restructure its senior debt and preferred stock in exchange for additional equity.
 /delval/
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 /CONTACT: George E. McHenry Jr., chief financial officer of Royal International Optical, 214-638-1397/


CO: Royal International Optical, Inc. ST: Pennsylvania IN: SU: ERN

MJ-CC -- PH033 -- 8532 02/19/93 16:39 EST
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Publication:PR Newswire
Date:Feb 19, 1993
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