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SUPREMA SPECIALTIES, INC. ANNOUNCES SALES AND EARNINGS FOR THE THIRD QUARTER AND NINE MONTHS

 PATERSON, N.J., May 17 /PRNewswire/ -- Suprema Specialties, Inc. (NASDAQ: CHEZ) announced sales and earnings for the third quarter and nine months ended March 31, 1993.
 Net sales for the quarter were $6,855,748 as compared with $6,928,573 for the comparable quarter of 1992, a decrease of 1.1 percent. Net earnings for the quarter were $239,411, or $.11 per share, an increase of $111,902 or 87.8 percent, compared with $127,509 or $.06 per share reported in the 1992 third quarter.
 Net sales for the nine months reached a record $20,219,445, a 15.5 percent increase over net sales of $17,502,932, for the nine months of 1992. Net earnings for the nine month period reached a record $632,739, or $.29 per share, an increase of $423,193 or 202.0 percent, compared with nine month net earnings of $209,546, or $.10 per share in 1992.
 "We are pleased with our record sales and earnings for the nine month period," stated Mr. Mark Cocchiola, president of Suprema Specialties, Inc. "However, we show a slight decline in overall third quarter sales due to lower retail ricotta and mozzarella sales arising from the transitioning of the product line to a licensing arrangement, which were substantially offset by strong sales in our core cheese business."
 SUPREMA SPECIALTIES, INC. RESULTS
 Third Quarter and Nine Months Ended March 31, 1993
 Three Months Ended March 31, 1993 1992
 Net sales $ 6,855,748 $ 6,928,573
 Net earnings 239,411 127,509
 Net earnings per share of
 common stock $ .11 $ .06
 Weighted average number of common
 and common equivalent shares 2,266,899 2,180,362
 Nine Months Ended March 31, 1993 1992
 Net sales $ 20,219,445 $ 17,502,932
 Net earnings 632,799 209,546
 Net earnings per share of
 common stock $ .29 $ .10
 Weighted average number of common
 and common equivalent shares 2,217,224 2,150,753
 -0- 5/17/93
 /CONTACT: Stuart D. Schwartz of Suprema Specialties Inc., 201-684-2900/
 (CHEZ)


CO: Suprema Specialties, Inc. ST: New Jersey IN: FOD SU: ERN

LD -- NY007 -- 9009 05/17/93 08:16 EDT
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Publication:PR Newswire
Date:May 17, 1993
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