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DESIGNATRONICS REPORTS YEAR END RESULTS

 NEW HYDE PARK, N.Y., Nov. 8 /PRNewswire/ -- Designatronics Inc. (AMEX: DSG) today announced that sales form continuing operations for the year ended Aug. 31, 1993 were $23,650,000 as compared to $22,975,000 for the year ended Aug. 31, 1992, an increase of 3 percent. Domestic sales increased 2 percent while foreign sales increased 16 percent compared to their respective prior year periods.
 Income from continuing operations before an extraordinary item was $1,204,000 or $0.42 per share for the year ended Aug. 31, 1993, as compared to $163,000 or $0.06 per share for the prior fiscal year period. Income from discontinued operations was $551,000 (net of a tax provision of $270,000), or $0.19 per share as compared to a loss of $3,135,000 or $(1.10) per share for the prior fiscal year. Net income after giving effect to an extraordinary item was $2,579,000 or $0.90 per share as of Aug. 31, 1993 as compared to a loss of $2,972,000 or $(1.04) per share for the prior fiscal year ended Aug. 31, 1992.
 The company's consolidated gross profit margin for continuing operations increased to 38 percent in fiscal 1993 as compared to 36.0 percent in fiscal 1992.
 The company's working capital position was $8.1 million at Aug. 31, 1993.
 Designatronics Inc. designs, manufactures and markets a wide array of mechanical and eletro-mechanical components, factory automation machinery, CAD/CAM systems and off-the-shelf linear motion and rotary motion control components.
 DESIGNATRONICS, INC.
 Consolidated Condensed Statements of Income
 (Audited, in $000, except share data)
 Year Ended August 31, 1993 1992
 Net Sales $ 23,650 $ 22,975
 Income from continuing operations 1,829 387
 Income from continuing operations before provision
 for income taxes 1,897 286
 Provision for income taxes 693 123
 Income from continuing operations before discontinued
 operations and an extraordinary item 1,204 163
 Discontinued Operations:
 Gain/(loss) from discontinued operations
 (net of provision for taxes) 551 (3,135)
 Income/(loss) before extraordinary item 1,755 (2,972)
 Utilization of net operating loss carry forward 824 --
 Net income/(loss) $2,579 $(2,972)
 Income/(loss) per common share:
 Continuing operations $0.42 $0.06
 Discontinued operations 0.19 (1.10)
 Extraordinary item 0.29 0.00
 Net Income/(loss) per share $0.90 $(1.04)
 Weighted average number of shares outstanding 2,866,972 2,852,443
 DESIGNATRONICS INC.
 Selected Data of Financial Position
 (in $000, Audited)
 Year Ended Aug. 31, 1993 1992
 Current Assets $11,721 $12,543

 Current Liabilities 3,613 4,382
 Working Capital 8,108 8,161
 Total Assets 13,764 14,604
 Long Term Debt -- 2,697
 Shareholders Equity 10,137 7,513
 Per Share Book Value $3.54 $2.63
 -0- 11/8/93
 /CONTACT: Robert Frost of ECOM Consultants, Inc., 212-696-1133/
 (DSG)


CO: Designatronics Inc. ST: New York IN: MAC SU: ERN

LD-WB -- NY008 -- 1534 11/08/93 07:31 EST
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Publication:PR Newswire
Date:Nov 8, 1993
Words:496
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