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FREDA CORPORATION REPORTS GROSS REVENUES AND NET INCOME FOR THE FIRST QUARTER OF FISCAL 1992

 FREDA CORPORATION REPORTS GROSS REVENUES
 AND NET INCOME FOR THE FIRST QUARTER OF FISCAL 1992
 PHILADELPHIA, Jan. 31 /PRNewswire/ -- Freda Corporation (OTC), a manufacturer of an extensive variety of delicatessen luncheon meats, marketed throughout the continental United States, today reported gross revenues and net income for the first quarter of fiscal 1992.
 Net income for the 13 weeks ended Nov. 30, 1991, was $180,552 or 10 cents per share as compared with $229,011 or 13 cents per share for the 13 weeks ended Dec. 1, 1990, on 1,807,800 average shares outstanding in both periods. First quarter gross revenues amounted to $14,078,303, a decrease from $15,433,607 in the year-earlier period.
 The company's stock is traded over-the-counter.
 FREDA CORPORATION
 (Unaudited)
 Three months ended Nov. 30, 1991 Dec. 1, 1990
 Gross revenues $14,078,303 $15,433,607
 Income before taxes 316,346 372,881
 Provision for income taxes 135,794 143,870
 Net income after taxes 180,552 229,011
 Earnings per share $.10 $.13
 Average shares outstanding 1,807,800 1,807,800
 /delval/
 -0- 1/31/92
 /CONTACT: Michael Allen of Freda, 215-336-6300/ CO: Freda Corporation ST: Pennsylvania IN: FOD SU: ERN


KA-JS -- PH028 -- 5747 01/31/92 15:57 EST
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Publication:PR Newswire
Date:Jan 31, 1992
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