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COURIER CORPORATION ANTICIPATES LOSS FOR THIRD QUARTER: DIRECTORS VOTE TO WITHHOLD REGULAR QUARTERLY DIVIDEND

 COURIER CORPORATION ANTICIPATES LOSS FOR THIRD QUARTER:
 DIRECTORS VOTE TO WITHHOLD REGULAR QUARTERLY DIVIDEND
 LOWELL, Mass., June 26 /PRNewswire/ -- Courier Corporation (NASDAQ: CRRC) said today that continued losses from its international operation have been significantly reduced from the prior quarter and that U.S. operations have improved as well; however, the impact of the international losses are expected to result in an overall loss for the third quarter. The company's third-quarter results are due to be released in late July.
 Courier's board of directors also voted to withhold the company's regular quarterly dividend of 10 cents per share due to the anticipated third-quarter loss. In addition, the company said that it has stepped up its efforts to sell real estate assets related to its former businesses.
 Courier Corporation is a leading provider of electronic prepress, book manufacturing and fulfillment services to the high-technology, religious, education and trade markets worldwide.
 -0- 6/26/92
 /CONTACT: James F. Conway Jr., chairman, or Robert P. Story Jr., senior vice president and chief financial officer, Courier Corporation, 508-458-6351/
 (CRRC) CO: Courier Corporation ST: Massachusetts IN: SU: ERP


CN -- NE005 -- 4158 06/26/92 10:51 EDT
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Publication:PR Newswire
Date:Jun 26, 1992
Words:192
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