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APL CORPORATION ANNOUNCES RESULTS

 MIAMI, Jan. 13 /PRNewswire/ -- APL Corporation today reported results for the year and quarter ended Sept. 30, 1992.
 Consolidated net sales for the year amounted to $67.9 million compared to $109.4 million in the prior year. The company recorded a net loss for the year ended Sept. 30, 1992 of $24,288,000, or $6.52 per share, compared to a net loss of $22,803,000, or $6.12 per share in the prior year.
 For the quarter ended Sept. 30, 1992, the company had net sales of $12.8 million compared to $23.6 million in the prior year's comparable quarter and a net loss of $3,763,000, or $1.01 per share, compared to a net loss of $10,446,000, or $2.80 per share, in the prior year's comparable quarter.
 APL CORPORATION AND SUBSIDIARIES
 Three months ended Year ended
 Sept. 30, Sept. 30,
 1992 1991 1992 1991
 (In thousands, except per share amounts)
 Net sales $ 12,836 23,640 67,857 109,408
 Cost of sales 11,121 19,840 58,187 87,659
 Selling, general and
 administrative expenses 4,905 8,679 22,833 31,465
 Total 16,026 28,519 81,020 119,124
 Operating loss (3,190) (4,879) (13,163) (9,716)
 Other expense, net (573) (5,557) (11,075) (13,002)
 Loss before
 income taxes (3,763) (10,436) (24,238) (22,718)
 Provision for income taxes -- 10 50 85
 Net loss $ (3,763) (10,446) (24,288) (22,803)
 Loss (earnings)
 per share: $ (1.01) (2.80) (6.52) (6.12)
 Common shares 3,727 3,727 3,727 3,727
 -0- 1/13/93
 /CONTACT: Chuck Nolan, vice president of APL Corporation, 305-966-7771/


CO: APL Corporation ST: Florida IN: SU: ERN

JJ-JB -- FL011 -- 4615 01/13/93 17:48 EST
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Date:Jan 13, 1993
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