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ABRAMS REPORTS SECOND QUARTER AND SIX MONTH RESULTS; DECLARES QUARTERLY DIVIDEND

 ATLANTA, Nov. 24 ~PRNewswire~ -- Abrams Industries, Inc. (NASDAQ: ABRI) -- construction, manufacturing and real estate -- today reported that for the second quarter ended Oct. 31, revenues were $25,487,396 against $24,512,623 for the same period last year.
 Net earnings were $281,445 or $.09 per share, compared to last year's $594,719 or $.19 per share. The reason for decreased earnings was lower production resulting in higher costs in the manufacturing segment.
 For the current six months ended Oct. 31, revenues were $45,116,425 against $47,651,367 for the same period in the prior year. Net earnings were $432,906 or $.15 per share, compared to last year's $848,440 or $.28 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 1993 and fiscal 1992. Backlog was approximately $26,615,000 at Oct. 31, against approximately $33,725,000 at Oct. 31, 1991.
 The board of directors today declared its regular quarterly dividend of $.02 per share (the 54th consecutive quarterly dividend), payable Jan. 4, 1993, to shareholders of record Dec. 14, 1992.
 Atlanta-based Abrams Industries, Inc. is in its 68th year.
 CONDENSED RESULTS OF OPERATIONS
 (Unaudited)
 2nd qtr. ended 6 mos. ended
 10~31~92 10~31~91 10~31~92 10~31~91
 Revenues $25,487,396 $24,512,623 $45,116,425 $47,651,367
 Costs and expenses 25,033,451 23,587,304 44,418,219 46,316,827
 Earnings before
 income taxes 453,945 925,319 698,206 1,334,540
 Income tax expense 172,500 330,600 265,300 486,100
 Net earnings $ 281,445 $ 594,719 $ 432,906 $ 848,440
 Net earnings per
 share $ .09 $ .19 $ .15 $ .28
 -0- 11~24~92
 ~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

BR-TG -- AT012 -- 1167 11~24~92 15:03 EST
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Date:Nov 24, 1992
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