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APL CORPORATION ANNOUNCES RESULTS

 MIAMI, Feb. 16 /PRNewswire/ -- APL Corporation today reported results for the three months ended Dec. 31, 1992.
 For the current period, the company had net sales of $13.7 million compared to $22.9 million in the prior year's comparable quarter and a net loss of $3,941,000 or $1.06 per share, compared to a net loss of $5,948,000, or $1.60 per share, in the prior year's comparable quarter.
 APL CORPORATION AND SUBSIDIARIES
 Three months ended
 Dec. 31,
 1992 1991
 (In thousands, except
 per share amounts)
 Net sales $ 13,730 22,929
 Cost of sales 11,275 18,132
 Selling, general and
 administrative expenses 3,377 6,356
 Total 14,652 24,488
 Operating loss (922) (1,559)
 Other expense, net (2,994) (4,357)
 Loss before income taxes (3,916) (5,916)
 Provision for income taxes 25 32
 Net loss $ (3,941) (5,948)
 Loss per share $ (1.06) (1.60)
 Common shares 3,727 3,727
 -0- 2/16/93
 /CONTACT: Chuck Nolan, vice president of APL Corporation, 305-866-7771/


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

JJ-JB -- FL020 -- 6940 02/16/93 16:23 EST
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Date:Feb 16, 1993
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