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FIRST QUARTER MARKS CONTINUED PROFIT IMPROVEMENT FOR MULTI-COLOR

 FIRST QUARTER MARKS CONTINUED PROFIT IMPROVEMENT FOR MULTI-COLOR
 CINCINNATI, July 16 /PRNewswire/ -- Multi-Color Corporation (NASDAQ: LABL) today reported results for the first quarter of fiscal 1993.
 For the first quarter of fiscal 1993, net sales were $15,942,000 an increase of 6 percent from $15,011,000 in the first quarter of fiscal 1991. The company reported net earnings of $147,000 or $.07 per share, before the accounting change discounted below, a substantial improvement over the net loss of ($405,000) or ($.18) per share for the first quarter fiscal 1992.
 Effective March 30, 1992, the company elected to adopt Statement of Financial Accounting Standards No. 109 "Accounting for Income Taxes." The cumulative effect of this change in income tax accounting as of March 30. 1992 was $180,000 ($.08 per share) and was reported as an increase in net earnings in the first quarter of fiscal 1993. This statement requires that deferred tax liabilities or assets be recorded using the tax rate expected to be in effect when taxes are actually paid or recovered.
 John C. Court, president of Multi-Color commented, "The improved results when compared to last year are the result of improved volume at the company's facilities. The company continues to make progress on developing the new markets made possible by its new facilities."
 Multi-Color Corporation is one of the largest manufacturers of printed labels for branded consumer products in the United States. The company's shares are traded over the counter under the National Market Systems symbol LABL.
 MULTI-COLOR CORPORATION
 Financial Highlights
 (Thousands except per share amounts)
 Three Months Ended Three Months Ended
 6/28/92 6/30/91
 Net Sales $15,942,000 $15,011,000
 Earnings (loss) before
 accounting change 147,000 (405,000)
 Effect of accounting change 180,000 ---
 Net income (Loss) 327,000 (405,000)
 Per share earnings (loss)
 before accounting change .07 (.18)
 Per share effect of
 accounting change .08 ---
 Net income (loss) per share .15 (.18)
 Average shares 2,211,000 2,252,000
 -0- 7/16/92
 /CONTACT: John D. Littlehale, treasurer of Multi-Color Corporation, 513-321-5381/
 (LABL) CO: Multi-Color Corporation ST: Ohio IN: PAP SU: ERN


KK -- CL012 -- 9738 07/16/92 12:21 EDT
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Publication:PR Newswire
Date:Jul 16, 1992
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