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DATAMARINE REPORTS FOURTH QUARTER RESULTS

 DATAMARINE REPORTS FOURTH QUARTER RESULTS
 POCASSET, Mass., Dec. 20 /PRNewswire/ -- Datamarine International,


Inc. (NASDAQ: DMAR) today reported fourth quarter sales of $3,593,385, up 13 percent from sales of $3,171,590 in the fourth quarter of last year. Net loss was $50,384, or 4 cents per share, in the fourth quarter of fiscal 1991, compared to a loss of $241,717, or 21 cents per share, in the fourth quarter of fiscal 1990.
 Sales for the year ended Sept. 28, 1991, at $15,208,652 were down by 4 percent from the $15,823,208 of last fiscal year. The result for the year is a loss of $244,430, or 21 cents per share, compared to the loss of $618,219, or 55 cents per share, for last fiscal year.
 Datamarine International, Inc. is a technology-based U.S. manufacturer of marine electronics, industrial fluid instrumentation and land mobile radios.
 DATAMARINE INTERNATIONAL, INC. AND SUBSIDIARIES
 Consolidated Statement of Income (Unaudited)
 Three Months Ended Year Ended
 9/28/91 9/29/90 9/28/91 9/29/90
 Statements of Income:
 Net sales $3,593,385 $3,171,590 $15,208,652 $15,823,208
 Cost of products sold 2,011,719 2,004,892 8,540,286 9,583,794
 Gross profit 1,581,666 1,166,698 6,668,366 6,239,414
 Operating expenses 1,649,278 1,511,727 6,932,762 6,884,124
 Operating income (loss) (67,612) (345,029) (264,396) (644,710)
 Other income (expense) (15,772) (25,688) (98,034) (255,509)
 Income (loss) before
 income taxes (83,384) (370,717) (362,430) (900,219)
 Provision (credit) for
 income taxes (33,000) (129,000) (118,000) (282,000)
 Income (loss) before
 cumulative effect of
 change in accounting (50,384) (241,717) (244,430) (618,219)
 Cumulative effect on
 prior years of change
 in accounting (net
 of related tax effect
 of $176,000) --- --- --- 243,690
 Net income (loss) $(50,384) $(241,717) $(244,430) $(374,529)
 Income per share:
 Income (loss) before
 cumulative effect of
 change in accounting (4 cents) (21 cents) (21 cents) (55 cents)
 Cumulative effect of
 change in accounting --- --- --- 22 cents
 Net income (loss) (4 cents) (21 cents) (21 cents) (33 cents)
 Average shares
 outstanding 1,166,083 1,133,791 1,157,510 1,129,573
 -0- 12/20/91
 /CONTACT: Geoffrey Kreiger, CFO & treasurer of Datamarine, 508-563-7151/
 (DMAR) CO: Datamarine International, Inc. ST: Massachusetts IN: MAR SU: ERN


SH -- NE006 -- 4311 12/20/91 11:21 EST
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Publication:PR Newswire
Date:Dec 20, 1991
Words:422
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