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COMMTRON REPORTS FIRST FISCAL QUARTER RESULTS

 COMMTRON REPORTS FIRST FISCAL QUARTER RESULTS
 DES MOINES, Iowa, Dec. 10 /PRNewswire/ -- Commtron Corporation


(AMEX: CMR) today reported net earnings for the first fiscal quarter ended Nov. 30, 1991, of $2.9 million or $0.28 per share compared to $3.2 million or $0.31 per share in the year ago quarter. Revenues were $152.6 million compared to $153.5 million.
 Home video revenues overall increased by 4 percent to $134.2 million compared to $129.0 million. Rental sales increased due to a strong release schedule, while sell-through sales declined due primarily to direct selling by suppliers to certain mass merchant accounts. Consumer electronics sales declined to $17.5 million from $23.4 million due primarily to Commtron's ongoing plan to improve margins by discontinuing unprofitable lines.
 Gross profit margin was 10.4 percent of sales, the same as the prior year. Operating expenses were slightly higher and lower average interest rates caused a decline in interest income.
 Commtron Corporation is the nation's largest distributor of prerecorded videocassettes and a national distributor of consumer electronics.
 COMMTRON CORPORATION
 (Dollars in thousands, except share and per share data)
 Three Months ended Nov. 30 1991 1990
 Income:
 Net sales & other revenues $151,682 $152,445
 Interest income 881 1,095
 Total 152,563 153,540
 Cost and expenses:
 Cost of sales 135,866 136,580
 Selling, general and
 administrative expenses 11,897 11,749
 Total 147,763 148,329
 Earnings before taxes on income 4,800 5,211
 Taxes on income 1,920 2,058
 Net earnings $ 2,880 $ 3,153
 Earnings per share $0.28 $0.31
 Average number of shares
 outstanding 10,264,406 10,191,616
 -0- 12/10/91
 /CONTACT: Steve Lacy, vice president and CFO of Commtron, 515-226-3000/
 (CMR) CO: Commtron Corporation ST: Iowa IN: CPR SU: ERN


GK -- NY007 -- 0838 12/10/91 08:14 EST
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Publication:PR Newswire
Date:Dec 10, 1991
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