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DOLCO PACKAGING CORP. ANNOUNCES SECOND QUARTER RESULTS

 SHERMAN OAKS, Calif., Aug. 3 /PRNewswire/ -- Dolco Packaging Corp. (NASDAQ: DPKG) reported today that net sales for the second quarter of 1993 amounted to $14,704,000 with a net income of $900,000, or $.70 per common share, after preferred dividends were deducted. These results compare to second quarter 1992 net sales of $13,933,000 with a net income of $335,000, or $.12 per common share, after preferred dividends for the same period in 1992.
 Net income for the first six months of 1993 was $2,008,000, or $1.61 per common share, after preferred dividends on sales of $30,547,000, compared to a net income of $869,000, or $.44 per common share, after preferred dividends on sales of $28,540,000 for the same period of 1992.
 The 1993 improvement over the same periods of 1992 reflects the results of management's emphasis in increasing Dolco's product offerings and continually improving its manufacturing efficiencies. Dolco is still subject to seasonality and generally records higher sales and profits during the first and fourth quarters. Although the seasonal impact on Dolco's earnings is being partially mitigated by its new product lines, Dolco expects to reflect historical seasonality for the third quarter.
 Dolco Packaging Corp. is a manufacturer of plastics packaging products.
 -0- 8/3/93
 /CONTACT: Maggie H. Earley of Dolco Packaging, 818-995-1409, ext. 304/
 (DPKG)


CO: Dolco Packaging Corp. ST: California IN: SU: ERN

MF-LM -- LA010 -- 8834 08/03/93 11:00 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
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