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DOLCO PACKAGING CORP. ANNOUNCES SECOND QUARTER RESULTS

 DOLCO PACKAGING CORP. ANNOUNCES SECOND QUARTER RESULTS
 SHERMAN OAKS, Calif., Aug. 13 /PRNewswire/ -- Dolco Packaging Corp. (NASDAQ: DPKG, DPKGP) reported today that net sales for the second quarter of 1992 amounted to $14 million with a net income of $335,000, or $.36 per share, compared to net sales of $13 million with a net loss of $1,590,000, or $2.42 per share for the same period in 1991. The 1991 loss included expenses totalling $1,203,000 for plant closing costs and Chapter 11-related fees and costs.
 Net income for the first six months of 1992 was $869,000, or $.92 per share, compared to a loss of $2,177,000, or $3.32 per share for the same period of 1991. The 1991 loss included expenses totalling $1,946,000 for plant closing costs and Chapter 11-related fees and costs.
 Excluding the plant closing costs and Chapter 11-related fees and costs, the improvement in net income in 1992 is because of an increase in the company's product lines and customer base and a decrease in raw material costs.
 Dolco Packaging Corp. is a manufacturer of plastics packaging products.
 -0- 8/13/92
 /CONTACT: Maggie H. Earley of Dolco Packaging, 818-995-1409, ext. 304/
 (DPKG DPKGP) CO: Dolco Packaging Corp. ST: California IN: SU: ERN


JL -- LA017 -- 9584 08/13/92 11:29 EDT
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Publication:PR Newswire
Date:Aug 13, 1992
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