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C.R. GIBSON REPORTS RESULTS

 NORWALK, Conn., Feb. 8 /PRNewswire/ -- The C.R. Gibson Company (AMEX: GIB) today announced that 1992 sales were $63,396,000 -- slightly ahead of last year's sales of $63,166,000. After-tax profits of $3,374,000 exceeded the 1991 result of $3,294,000. Earnings per share for the 1992 year are 44 cents, compared to 48 cents last year, reflecting the effect of the sale of 850,000 shares in December of 1991.
 Mr. Frank A. Rosenberry, president, stated that 1992 was a year of lackluster business at retail, and increased competition and promotional pressure. Despite these conditions, the company was able to maintain its profit margins and improve its already strong financial position.
 C.R. Gibson is a diversified manufacturer and distributor of photo albums, published products, and paper gift and stationery items. The company's stock is listed on the American Stock Exchange, symbol GIB.
 -0- 2/8/93
 /CONTACT: Frank A. Rosenberry, president and CEO, or James M. Harrison, vice president and CFO of C.R. Gibson, 203-847-4543/
 (GIB)


CO: C. R. Gibson Company ST: Connecticut IN: HOU SU: ERN

CK-LR -- NY051 -- 4026 02/08/93 10:59 EST
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Publication:PR Newswire
Date:Feb 8, 1993
Words:193
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