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TRION, INC. ANNOUNCES RESULTS FOR FOURTH QUARTER AND THE YEAR

 TRION, INC. ANNOUNCES RESULTS FOR FOURTH QUARTER AND THE YEAR
 SANFORD, N.C., Feb. 5 /PRNewswire/ -- TRION, INC. (NASDAQ: TRON) announced results for the fourth quarter and the year ended December 31, 1991 were as follows:
 Fourth Quarter Year
 1991 1990 1991 1990
 Sales $10,327,000 $11,455,000 $34,937,000 $38,734,000
 Net loss $ (462,000) $(2,747,000) $(2,083,000) $(3,997,000)
 Net loss
 per share $ (.07) $ (.44) $ (.33) $ (.64)
 Hugh E. Carr, Chairman, stated that the lingering recession in North America and England slowed the company's recovery. Except for England, all operations were profitable in the fourth quarter. The lack of consumer spending caused a shortfall in retail appliance sales.
 As a result of discontinued product lines and management changes in England, one-time charges of approximately $1,100,000 were incurred -- $600,000 of these charges were in the fourth quarter.
 Carr stated that the company's financial position is sound with shareholders' equity of $13,628,000, working capital of $12,361,000 and long-term debt of 46 percent of equity at year-end.
 Trion specializes in the design, manufacture and sale of air cleaning equipment.
 -0- 2/5/92
 /CONTACT: W.P. Glaser, Trion, Inc., 919-775-2201/
 (TRON) CO: Trion, Inc. ST: North Carolina IN: SU: ERN


JZ -- CH005 -- 7336 02/05/92 15:51 EST
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Publication:PR Newswire
Date:Feb 5, 1992
Words:223
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