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CFI INDUSTRIES, INC. ANNOUNCES SECOND QUARTER EARNINGS

 CHICAGO, Feb. 11 /PRNewswire/ -- CFI Industries, Inc. (NASDAQ: CFIB) today reported its results for the three and six month periods ended Dec. 27, 1992, compared to the three and six month periods ended Dec. 29, 1991, as follows:
 CFI INDUSTRIES, INC.
 (amounts in thousands except per share amounts)
 Quarters ended Six months ended
 12/27/92 12/29/91 12/27/92 12/29/91
 Net sales $7,788 $7,615 $15,246 $15,192
 Cost of sales 6,072 6,040 11,853 11,670
 Gross margin 1,716 1,575 3,393 3,522
 Selling, general and
 administrative
 expenses 1,601 1,614 3,336 3,183
 Interest expense 87 121 180 249
 Interest (income) (31) (86) (78) (187)
 Other (income) expense 45 12 91 38
 Income (loss) before
 income tax expense
 (benefit) and
 extraordinary item 14 (86) (136) 239
 Income tax expense
 (benefit) 3 (28) (59) 109
 Income (loss) before
 extraordinary item 11 (58) (77) 130
 Extraordinary item -- 88 -- 88
 Net income (loss) $ 11 $ 30 $ (77) $ 218
 Per common share:
 Income (loss) before
 extraordinary item -- $(0.03) $ (0.04) $ 0.06
 Extraordinary item -- 0.04 -- 0.04
 Net income (loss) -- $ 0.01 $ (0.04) $ 0.10
 Weighted average common
 shares outstanding 2,009 2,009 2,009 2,009
 The extraordinary item of $88,000 recognized in the second quarter of fiscal 1992 is the utilization of the tax benefit of net operating loss carryforwards.
 -0- 2/11/93
 /CONTACT: Stuart Benton of CFI Industries, 708-668-2838/
 (CFIB)


CO: CFI Industries, Inc. ST: Illinois IN: SU: ERN

TS -- NY043 -- 5708 02/11/93 12:32 EST
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Publication:PR Newswire
Date:Feb 11, 1993
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