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BALI JEWELRY REPORTS SECOND QUARTER EARNINGS AND TERMINATION OF WARRANTS

BALI JEWELRY REPORTS SECOND QUARTER EARNINGS AND TERMINATION OF WARRANTS
 BROOKLYN, N.Y., June 10 /PRNewswire/ -- Bali Jewelry, Ltd. (NASDAQ: BALI), a leading manufacturer of gold jewelry products, today reported sales and earnings for the three-month and six-month periods ended March 31, 1992. It also reported that its outstanding warrants exercisable until June 22, 1992 will not be extended.
 BALI JEWELRY, LTD.
 Periods ended Three Months Six Months
 March 31 1992 1991 1992 1991
 Revenues $2,823,693 $3,087,844 $6,077,003 $7,505,955
 Income (loss)
 before taxes 131,631 16,969 49,602 41,223
 Net income (loss) $131,631 $13,215 $40,300 $32,573
 Shares outstanding 6,300,000 6,300,000 6,300,000 6,300,000
 Earnings per share $.02 -- $.01 $.01
 -0- 6/10/92
 /CONTACT: Nat Schlesinger, 718-237-0472, for Bali Jewelry/
 (BALI) CO: Bali Jewelry, Ltd. ST: New York IN: SU:


SM-LM -- NY007 -- 8679 06/10/92 09:15 EDT
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Publication:PR Newswire
Date:Jun 10, 1992
Words:160
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