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APL CORPORATION ANNOUNCES RESULTS

 APL CORPORATION ANNOUNCES RESULTS
 MIAMI, Aug. 14 /PRNewswire/ -- APL Corporation today reported


results for the nine months and quarter ended June 30, 1992.
 Consolidated net sales for the current nine months amounted to $55.0 million compared to $85.8 million in the prior year's comparable period. The net loss for the nine months ended June 30, 1992 amounted to $20,525,000, or $5.51 per share, compared to a net loss of $12,357,000, or $3.32 per share, in the comparable period of 1991.
 For the quarter ended June 30, 1992, the company's net sales amounted to $15.4 million compared to $29.4 million in the prior year's comparable quarter. Net loss for the quarter ended June 30, 1992 was $9,430,000, or $2.53 per share, compared to a net loss of $4,972,000, or $1.33 per share, in the prior year's comparable quarter.
 APL CORPORATION AND SUBSIDIARIES
 Three Months Ended Nine Months Ended
 June 30, June 30,
 1992 1991 1992 1991
 (In thousands except per share amounts)
 Net sales $ 15,364 29,429 55,021 85,768
 Cost of sales 14,672 23,501 47,066 67,819
 Selling, general and
 administrative
 expenses 6,673 7,893 17,928 22,786
 21,345 31,394 64,994 90,605
 Operating loss (5,981) (1,965) (9,973) (4,837)
 Other income
 (expense), net (3,449) (2,982) (10,502) (7,445)
 Loss before
 income taxes (9,430) (4,947) (20,475) (12,282)
 Provision for
 income taxes -- 25 50 75
 Net loss $(9,430) (4,972) (20,525) (12,357)
 Net loss per share $(2.53) (1.33) (5.51) (3.32)
 Common shares 3,727 3,727 3,727 3,727
 -0- 8/14/92
 /CONTACT: Chuck Nolan, vice president of APL Corporation, 305-866-7771/ CO: APL Corporation ST: Florida IN: SU: ERN


AW-JB -- FL014 -- 0265 08/14/92 18:03 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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