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CRAFTMATIC/CONTOUR INDUSTRIES ANNOUNCE FIRST QUARTER RESULTS

      CRAFTMATIC/CONTOUR INDUSTRIES ANNOUNCE FIRST QUARTER RESULTS
    TREVOSE, Pa., Feb. 18 /PRNewswire/ -- Stanley Kraftsow, chairman of Craftmatic/Contour Industries, Inc. (NASDAQ: CRCC) announced today the results of operations for the first quarter ended Dec. 31, 1991.
    Kraftsow said that the corporation had net revenues for the first quarter ended Dec. 31, 1991 of $14,044,000 and net income of $178,000 or $.07 per share.  This compares with net revenues of $12,778,000 and net income of $187,000 or $.07 per share for the first quarter ended Dec. 31, 1990.  The information shown is before the provision for preferred dividends in the amount of $156,000 or $.06 per share for both periods presented.
    Craftmatic/Contour Industries, Inc. is a manufacturing, marketing and sales organization engaged in distribution and sales primarily in the United States of the Craftmatic electric adjustable bed specially designed for residential use, but having certain features found in hospital beds, and the custom made Contour chair lounge.
    -0-                    2/18/92
    /CONTACT:  Nate Cooper of Craftmatic/Contour Industries, 215-639-1310/
    (CRCC) CO:  Craftmatic/Contour Industries, Inc. ST: IN: SU: SM-OS -- NY098 -- 0082 02/18/92 15:40 EST
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Publication:PR Newswire
Date:Feb 18, 1992
Words:194
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