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WEDCO TECHNOLOGY REPORTS YEAR-END GAINS

 BLOOMSBURY, N.J., May 27 /PRNewswire/ -- Wedco Technology, Inc. (NASDAQ-NMS: WEDC), a major provider of custom processing services and related machinery for the plastics industry, today reported gains in revenues and income for the year ended March 31, 1993.
 Fiscal 1993 net income rose to $2,540,000 or 82 cents per share on revenues of $32,818,000 vs. net income of $2,014,000 or 66 cents per share on revenues of $30,293,000 for fiscal 1992.
 "Results for fiscal 1993 were gratifying in the face of continuing soft economic conditions in the U.S. and European markets we serve," W.E. Willoughby, chairman, said. "Our aggressive expansion activities have created a network of strategically located, efficiently operating, plants, prepared to maximize the benefits from improving economic conditions." He added, "We have achieved an average compound growth of 15 percent during 33 years of operations in a variety of economic climates, contributing to our belief in the long-term prospects for Wedco's continued growth and increasing profitabilty."
 WEDCO TECHNOLOGY, INC.
 Financial Highlights (Unaudited)
 Year ended March 31 1993 1992
 Net revenues $32,818,000 $30,293,000
 Operating income 4,081,000 3,889,000
 Equity in joint ventures 471,000 689,000
 Income before income taxes 3,578,000 3,014,000
 Net income 2,540,000 2,014,000
 Earnings per share $.82 $.66
 Average shares outstanding 3,092,063 3,071,852
 /delval/
 -0- 5/27/93
 /CONTACT: Robert F. Bush of Wedco Technology, 908-479-4181/
 (WEDC)


CO: Wedco Technology, Inc. ST: New Jersey IN: MAC SU: ERN

MK-JM -- PH017 -- 2878 05/27/93 11:02 EDT
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Publication:PR Newswire
Date:May 27, 1993
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