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FREDA CORPORATION REPORTS GROSS REVENUES AND NET LOSS FOR SECOND QUARTER AND NET INCOME FOR SIX MONTHS OF FISCAL 1992

 FREDA CORPORATION REPORTS GROSS REVENUES AND NET LOSS FOR
 SECOND QUARTER AND NET INCOME FOR SIX MONTHS OF FISCAL 1992
 PHILADELPHIA, April 3 /PRNewswire/ -- Freda Corporation (OTC Bulletin Board: FRDA), a manufacturer of an extensive variety of delicatessen luncheon meats marketed throughout the continental United States, today reported gross revenues and net loss for the second quarter and net income for the six months ended Feb. 29, 1992.
 Net loss for the 13 weeks ended Feb. 29, 1992, was $39,058 or $.02 per share as compared with net income of $453,419 or $.25 per share for the 13 weeks ended March 2, 1991, on 1,807,800 average shares outstanding in both periods. Second quarter gross revenues amounted to $12,812,399, a decrease from $13,897,182 in the year-earlier period.
 For the 26 weeks ended Feb. 29, 1992, net income was $141,494 or $.08 per share as compared with $682,430 or 38 cents per share in the comparable 26-week period ended March 2, 1991, on 1,807,800 average shares outstanding in both periods. Gross revenues amounted to $26,890,702 as compared with $29,330,789 in the year-earlier period.
 The company's stock is traded over the counter.
 FREDA CORPORATION
 (Unaudited)
 Three months (13 weeks) ended Feb. 29, 1992 March 2, 1991
 Gross revenues $12,812,399 $13,897,182
 Income (loss) before taxes (80,731) 731,909
 Provision (benefit) for income taxes (41,673) 278,490
 Net income (loss) after taxes (39,058) 453,419
 Earnings (loss) per share ($.02) $.25
 Average shares outstanding 1,807,800 1,807,800
 Six months (26 weeks) ended Feb. 29, 1992 March 2, 1991
 Gross revenues $26,890,702 $29,330,789
 Income before taxes 235,615 1,104,790
 Provision for income taxes 94,121 422,360
 Net income after taxes 141,494 682,430
 Earnings per share $.08 $.38
 Average shares outstanding 1,807,800 1,807,800
 /delval/
 -0- 4/3/92
 /CONTACT: Michael Allen of Freda, 215-336-6300/ CO: Freda Corporation ST: Pennsylvania IN: FOD SU: ERN


CC-KA -- PH026 -- 4868 04/03/92 13:36 EST
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Publication:PR Newswire
Date:Apr 3, 1992
Words:354
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