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DWG CORPORATION REPORTS RESULTS

 MIAMI, Dec. 15 /PRNewswire/ -- DWG Corporation (AMEX: DWG) announced today results of operations for the quarter and six months ended Oct. 31, 1992.
 Revenues in the three months ended Oct. 31, 1992 increased to $308 million from $303 million in the prior year's comparable quarter. Operating profit increased to $23.4 million from $17.6 million and net loss decreased to $1.2 million or $.05 per share (primary and fully diluted) in the quarter ended Oct. 31, 1992 compared to $4.7 million or $.18 per share (primary and fully diluted) in the same quarter of the prior year.
 Revenues in the six months ended Oct. 31, 1992 increased to $626 million from $606 million in the comparable period of the period year. Operating profit increased to $42.2 million from $35.1 million and net loss decreased to $2.4 million or $.09 per share (primary and fully diluted) in the current fiscal year-to-date compared to $7.8 million or $.30 per share (primary and fully diluted) in the same period of the prior year.
 DWG CORPORATION AND SUBSIDIARIES
 (Unaudited)
 Three Months Ended Six Months Ended
 Oct. 31, Oct. 31,
 1992 1991 1992 1991
 (In thousands except per share amounts)
 Revenues $308,494 303,075 625,999 605,845
 Costs and expenses 285,137 285,448 583,750 570,701
 Operating profit 23,357 17,627 42,249 35,144
 Other expense, net 19,351 20,429 36,450 40,230
 Earnings (loss) before
 income taxes 4,006 (2,802) 5,799 (5,086)
 Provision for income taxes 4,188 1,327 6,243 958
 (182) (4,129) (444) (6,044)
 Minority interests in net
 earnings (1,048) (524) (1,938) (1,731)
 Net loss $ (1,230) (4,653) (2,382) (7,775)
 Loss per share:
 Primary and fully diluted $(.05) (.18) (.09) (.30)
 Average common shares
 outstanding 25,895 25,857 25,893 25,857
 -0- 12/15/92
 /CONTACT: Charles Nolan, vice president of DWG Corporation, 305-866-7771/
 (DWG)


CO: DWG Corporation ST: Florida IN: SU: ERN

JB-AW -- FL013 -- 7386 12/15/92 16:28 EST
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Date:Dec 15, 1992
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