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DURAMED REPORTS PROFIT FOR FIRST QUARTER 1993

 CINCINNATI, May 10 /PRNewswire/ -- E. Thomas Arington, chairman and president of Duramed Pharmaceuticals, Inc. (OTC Bulletin Board: DRMD) announced today the company's operating results for the first quarter ended March 31, 1993. Net sales were $6,573,000 resulting in net income of $107,000. For the first quarter of 1992 net sales were $3,075,000 resulting in a loss of $459,000.
 Arington stated the operating results reflect improved performance at all levels of the company.
 The following table sets forth Duramed's comparative operating results for the quarters ended March 31, 1993 and 1992:
 (in thousands except per share First Quarter Ended
 amounts and shares outstanding) March 31
 1993 1992
 Net sales $ 6,573 $ 3,075
 Cost of goods sold 4,738 1,974
 Gross profit 1,835 1,101
 Operating expenses 1,235 1,100
 Operating income 600 1
 Interest expense 493 460
 Net income (loss) $ 107 $ (459)
 Net income (loss) per share
 of common stock $ .02 $ (.07)
 Weighted average number of
 common shares outstanding 6,495,441 6,574,064
 Duramed Pharmaceuticals, Inc. manufactures and sells generic drug products comprised of various dosages of prescription and over-the- counter drugs. The company's stock is traded on the OTC Bulletin Board under the symbol DRMD.
 -0- 5/10/93
 /CONTACT: E. Thomas Arington, chairman and chief executive officer, or Timothy J. Holt, vice president-finance, both of Duramed Pharmaceuticals, Inc., 513-731-9900/
 (DRMD)


CO: Duramed Pharmaceuticals, Inc. ST: Ohio IN: MTC SU: ERN

BM -- CL018 -- 6526 05/10/93 13:09 EDT
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Publication:PR Newswire
Date:May 10, 1993
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