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BELDING HEMINWAY REPORTS INCREASED SALES AND EARNINGS FOR THE SECOND QUARTER AND FIRST HALF OF 1992

 BELDING HEMINWAY REPORTS INCREASED SALES AND EARNINGS
 FOR THE SECOND QUARTER AND FIRST HALF OF 1992
 NEW YORK, July 27 /PRNewswire/ -- Belding Heminway Company, Inc. (NYSE: BHY) today announced increased sales and earnings for the second quarter and first half ended June 30, 1992, as per the table below. While sales increased 2.6 percent both for the second quarter and first half of 1992, net income increased 37.8 percent for the quarter and 57.5 percent for the first half.
 Belding Heminway Company, Inc, is a leading producer of high- technology threads and specialty fabrics and a leading marketer of a diversified line of consumer products.
 Belding Heminway also has investments in entities owning real estate and cellular telephone licenses.
 BELDING HEMINWAY COMPANY, INC.
 (All amounts in thousands, except per share data)
 Periods ended Three months Six months
 June 30 1992 1991 1992 1991
 Net sales $37,422 $36,468 $73,149 $71,273
 Income before federal
 income taxes 1,185 875 2,185 1,411
 Provision for federal
 income tax 398 304 728 486
 Net income(A) 787 571 1,457 925
 Per common share and common
 stock equivalents (A) $.40 $.30 $.75 $.48
 (A) -- Per common share (based on average shares outstanding and common stock equivalents 1,943,000 in 1992 and 1,919,000 in 1991)
 Three months ended March 31 1992 1991
 Net sales $35,727 $34,805
 Net income 670 354
 Per common share $.35 $.18
 -0- 7/27/92
 /CONTACT: Ronald V. Kaplan, vice president-treasurer of Belding Heminway, 212-556-4700/
 (BHY) CO: Belding Heminway Company Inc. ST: New York IN: HOU SU: ERN


SM-TS -- NY042 -- 3493 07/27/92 11:44 EDT
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Publication:PR Newswire
Date:Jul 27, 1992
Words:279
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