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ABRAMS INDUSTRIES REPORTS THIRD QUARTER AND NINE MONTH RESULTS, DECLARES QUARTERLY DIVIDEND

 ABRAMS INDUSTRIES REPORTS THIRD QUARTER AND NINE MONTH RESULTS,
 DECLARES QUARTERLY DIVIDEND
 ATLANTA, Feb. 20 /PRNewswire/ -- Abrams Industries, Inc. (NASDAQ: ABRI), construction, manufacturing and real estate, today reported that for the current third quarter, ended Jan. 31, revenues were $16,735,819, down from $17,087,547 for the same period last year.
 Net earnings were $103,214 or $.04 per share compared to last year's $237,081 or $.08 per share.
 For nine months ended Jan. 31, revenues were $64,387,186 compared to $56,349,404 for the same period last year. Net earnings were $951,654 or $.32 per share compared to last year's $709,770 or $.24 per share.
 All current figures are unaudited and net earnings per share are based on weighted average shares outstanding of 2,977,540 in fiscal 1992 and 2,993,103 in fiscal 1991. Backlog was approximately $37,285,000 at Jan. 31, compared to approximately $38,649,000 at Jan. 31, 1991.
 The board of directors today declared its regular quarterly dividend of $.05 per share (the 51st consecutive quarterly dividend), payable March 31 to shareholders of record March 13.
 Atlanta-based Abrams Industries, Inc. is in its 67th year.
 CONDENSED RESULTS OF OPERATIONS
 (Unaudited)
 3rd qtr. ended 9 mos. ended
 1/31/92 1/31/91 1/31/92 1/31/91
 Revenues $16,735,819 $17,087,547 $64,387,186 $56,349,404
 Costs and expenses 16,569,305 16,705,166 62,886,132 55,204,634
 Earnings before
 income taxes 166,514 382,381 1,501,054 1,144,770
 Income tax expense 63,300 145,300 549,400 435,000
 Net earnings $ 103,214 $ 237,081 $ 951,654 $ 709,770
 Net earnings per
 share $ .04 $ .08 $ .32 $ .24
 -0- 2/20/92
 /CONTACT: Bernard W. Abrams, CEO, or Joseph H. Rubin, CFO, of Abrams Industries, 404-256-9785/
 (ABRI) CO: Abrams Industries, Inc. ST: Georgia IN: SU: ERN DIV


BN-BR -- AT016 -- 1014 02/20/92 14:31 EST
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Publication:PR Newswire
Date:Feb 20, 1992
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