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CAMBREX REPORTS IMPROVED SECOND QUARTER 1992 EARNINGS

 CAMBREX REPORTS IMPROVED SECOND QUARTER 1992 EARNINGS
 EAST RUTHERFORD, N.J., July 21 /PRNewswire/ -- Cambrex Corporation


(AMEX: CBM) today reported net income of $1.7 million for the second quarter ended June 30, 1992, an increase of 89 percent over $0.9 million for the second quarter 1991.
 On a per share basis (fully diluted), the net income equals 34 cents per share compared with 19 cents for the second quarter of 1991.
 Net revenues increased to $49.2 million from $34.7 million in the corresponding period a year ago. The $14.5 million of increased sales included sales of $13.6 million from the company's Charles City, Iowa facility, and from the company's Zeeland, Mich., facility, which were acquired in the last 12 months. Sales increased in all market categories other than coatings products which declined $1.5 million due to discontinued rheologicals and mercury biocides products.
 Operating profit increased 54 percent to $3.7 million in the second quarter of 1992 versus $2.4 million in the second quarter of 1991. The increase was attributable to the increased sales volume described above and improved margins based on product rationalization and improved raw material purchasing.
 For the six month period, net income was $3.0 million compared with $1.2 million in the first half of 1991.
 On a per share basis (fully diluted), the company reported net income equal to 61 cents per share compared with 26 cents in the first half of 1991.
 Net revenues for the six month period increased to $89.8 million from $66.4 million in the corresponding period of a year ago. The $23.4 million of increased sales included sales of $20.8 million from the company's Charles City, Iowa facility and from the company's Zeeland, Mich., facility.
 Cambrex Corporation manufactures a broad line of specialty chemicals, fine chemicals and commodity chemical intermediates. The chemical families of castor oil, pyridine, organometallics, aklenyl succinic anhydrides, organobromines, nitroaromatics, aryl sulfonates and products made in liquid ammonia solvent are the basis for compounds in the company's five product categories: performance chemicals, coatings, health and pharmaceuticals, agricultural intermediates and additives, and specialty and fine chemicals.
 CAMBREX CORPORATION
 (In thousands, except earnings per share)
 Quarter ended June 30 1992 1991
 Net revenues $49,191.6 $34,744.6
 Operating profit 3,707.9 2,351.6
 Net income 1,709.2 914.0
 Earnings per share data (primary):
 Net income $0.35 $0.19
 Average shares outstanding 4,860.2 4,781.3
 Earnings per share data (fully diluted):
 Net income $0.34 $0.19
 Average shares outstanding 5,189.8 4,781.3
 Six Months Ended June 30 1992 1991
 Net revenues $89,848.6 $66,390.5
 Operating profit 6,333.2 3,552.2
 Net income 3,013.3 1,217.2
 Earnings per share data (primary):
 Net income $0.62 $0.26
 Average shares outstanding 4,836.9 4,698.3
 Earnings per share data (fully diluted):
 Net income $0.61 $0.26
 Average shares outstanding 5,142.4 4,741.7
 -0- 7/21/92
 /CONTACT: Peter Tracey, vice president and chief financial officer of Cambrex, 201-804-3010/
 (CBM) CO: Cambrex Corporation ST: New Jersey IN: CHM SU: ERN


TS-PS -- NY040 -- 1237 07/21/92 10:48 EDT
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Date:Jul 21, 1992
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