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DATAMARINE REPORTS SECOND QUARTER RESULTS

 DATAMARINE REPORTS SECOND QUARTER RESULTS
 POCASSET, Mass., April 23 /PRNewswire/ -- Datamarine


International, Inc. (NASDAQ: DMAR), today reported second quarter sales of $3,559,398, flat with sales of $3,549,874 in the second quarter of last year. Net loss for the second quarter of fiscal 1992, which ended March 28, 1992, was $71,688, or 6 cents per share, compared to a loss of $277,867, or 23 cents per share, in the second quarter of fiscal 1991.
 Sales for the six months ended March 28, 1992 were $6,342,417, down 1 percent from the $6,417,768 of first half sales last year. Net loss for the first half was $265,743, or 23 cents per share, compared to a loss of $443,401, or 38 cents per share in the first half of last year.
 Geoffrey W. Kreiger, treasurer stated, "Sales of the company's recreational marine electronics product line continued its now 12 quarters of back-to-back declines as the USA pleasure boat market continued to contract. Spending on marketing of the recreational line was scaled back with the reduced market opportunity to stem the losses of the recreational marine group. On a positive note, the Data Industrial subsidiary experienced 19 percent year-to-year growth in the quarter and contributed higher profits. The SEA subsidiary reported improved sales but not profits as it continues to pursue the development of its narrowband land mobile communications opportunity."
 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
 Six Months Ended March 28, 1992
 Three Months Ended Six Months Ended
 3/28/92 3/30/91 3/28/92 3/30/91
 Net sales $3,559,398 $3,549,874 $6,342,417 $6,417,768
 Cost of product sold 2,028,291 2,075,744 3,558,833 3,688,679
 Gross profit 1,531,107 1,474,130 2,783,584 2,729,089
 Operating expenses 1,619,409 1,846,012 3,145,676 3,313,972
 Operating income (loss) (88,302) (371,882) (362,092) (584,883)
 Other income (expense) (19,386) (46,985) (37,651) (84,518)
 Income (loss) before
 income taxes (107,688) (418,867) (399,743) (669,401)
 Provisions (credit)
 for income taxes (36,000) (141,000) (134,000) (226,000)
 Net income (loss) ($71,688) ($277,867) ($265,743)($443,401)
 Income per share:
 Net income (loss) (6 cents) (23 cents) (23 cents)(38 cents)
 Average shares
 outstanding 1,171,023 1,203,519 1,171,023 1,171,734
 -0- 4/23/92
 /CONTACT: Geoffrey W. Kreiger, CFO and treasurer of Datamarine International, 508-563-7151/
 (DMAR) CO: Datamarine International, Inc. ST: Massachusetts IN: SU: ERN


DD -- NE007 -- 1700 04/23/92 09:27 EDT
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Publication:PR Newswire
Date:Apr 23, 1992
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