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DOLCO PACKAGING CORP. ANNOUNCES THIRD QUARTER RESULTS

 DOLCO PACKAGING CORP. ANNOUNCES THIRD QUARTER RESULTS
 SHERMAN OAKS, Calif., Oct. 26 /PRNewswire/ -- Dolco Packaging


Corp.,(NASDAQ: DPKG) (DPKG) reported today that net sales for the third quarter of 1992 amounted to $14,000,000 with a net income of $492,000, or $0.52 per common share, compared to net sales of $13,500,000 with a net loss of $847,000, or $1.04 per common share for the same period in 1991. The 1991 loss included non-recurring items for plant closing costs, Chapter 11 related fees and costs, gain on sale of subsidiary and gain on settlement of Chapter 11 liabilities. Excluding these items, the third quarter 1991 loss was $261,000.
 Net income for the first nine months of 1992 was $1,360,000 or $1.45 per share, compared to a net loss of $3,024,000 or $3.72 per common share for the same period in 1991. The 1991 loss included non-recurring items for plant closing costs, Chapter 11 related fees and costs, gain on sale of subsidiary and gain of settlement of Chapter 11 liabilities. Excluding these items, the loss for the first nine months of 1991 was $489,000.
 Excluding the non-recurring items noted above, the improvement in net income in 1992 is because of an increase in the company's product lines and customer base, a decrease in raw material costs, and a decrease in interest expense.
 Dolco is a manufacturer of plastics packaging products.
 -0- 10/26/92
 /CONTACT: Maggie H. Earley of Dolco, 818-995-1409, ext. 304/
 (DPKG) CO: Dolco Packaging Corp. ST: California IN: SU: ERN


EH -- LA024 -- 4759 10/26/92 12:04 EST
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Publication:PR Newswire
Date:Oct 26, 1992
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