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CONSOLIDATED FIBRES ANNOUNCES FIRST QUARTER EARNINGS

 CONSOLIDATED FIBRES ANNOUNCES FIRST QUARTER EARNINGS
 CHICAGO, Nov. 11 /PRNewswire/ -- Consolidated Fibres Inc.


(NASDAQ: CFIB) today reported its results for the three month period ended Sept. 27, 1992, compared to the three month period ended Sept. 29, 1991, as follows:
 CONSOLIDATED FIBRES INC.
 (In thousands except per share amounts)
 Three months ended 9/27/92 9/29/91
 Net sales $ 7,458 $ 7,577
 Less: Cost of sales 5,781 5,630
 GROSS MARGIN 1,677 1,947
 Selling, general and
 administrative expenses 1,735 1,569
 Interest expense 93 128
 Interest income (47) (101)
 Other expense 46 26
 Income (loss) before income
 tax and expense (benefit) (150) 325
 Income tax expense (benefit) (62) 137
 Net income (loss) $ (88) $ 188
 PER COMMON SHARE:
 Net income (loss) $ (.04) $ .09
 Weighted average common
 shares outstanding $ 2,009 $ 2,009
 -0- 11/11/92
 /CONTACT: Susan Obuchowski for Consolidated Fibres, 312-466-4010/
 (CFIB) CO: Consolidated Fibres Inc. ST: Illinois IN: TEX SU: ERN


SM -- NY053 -- 9773 11/11/92 13:36 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 11, 1992
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