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FREDA CORPORATION REPORTS GROSS REVENUES AND NET LOSS FOR THE FOURTH QUARTER AND NET LOSS FOR THE YEAR IN FISCAL 1992

 PHILADELPHIA, Jan. 15 /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 (loss) for the fourth quarter and the fiscal year ended Aug. 29, 1992.
 Net loss for the 13 weeks ended Aug. 29, 1992, was ($155,709) or 9 cents per share before extraordinary item, net loss of ($155,709) or 9 cents per share after extraordinary item as compared with net (loss) for the 13 weeks ended Aug. 31, 1991, of ($22,547), before extraordinary item or 1 cent per share and ($697,947) after extraordinary item or 39 cents per share on 1,800,475 average shares in 1992 as compared to 1,807,800 average shares in 1991. Fourth quarter gross revenues amounted to $14,661,620 as compared with $16,252,460 in the year earlier period.
 For the 52 weeks ended Aug. 29, 1992, net (loss) before extraordinary item was ($16,065) or 1 cent per share and net (loss) of ($16,065) or 1 cent per share after extraordinary item as compared with net income before extraordinary item was $934,760 or 52 cents per share and net income of $259,360 or 14 cents per share in the comparable 52-week period ended Aug. 31, 1991, on 1,804,138
average shares in 1992 as compared to 1,807,800 average shares in 1991. Gross revenues amounted to $55,364,894 as compared with $60,194,605 in the year earlier period.
 The company's stock is traded over-the-counter.
 FREDA CORPORATION
 (Unaudited)
 Three months ended (13 weeks) Aug. 29, 1992 Aug. 31, 1991
 Gross revenues $14,661,620 $16,252,460
 Income (loss) before taxes and
 extraordinary item (208,018) (22,384)
 Provision for income taxes (52,309) 163
 Net income (loss) before extraordinary
 item (155,709) (22,547)
 Extraordinary item --- 675,400
 Net income (loss) (155,709) (697,947)
 Earnings per share $(.09) $(.39)
 Average shares outstanding 1,800,475 1,807,800
 (Audited)
 Year ended (52 weeks) Aug. 29, 1992 Aug. 31, 1991
 Gross revenues $55,364,894 $60,194,605
 Income (loss) before taxes and
 extraordinary item 22,815 1,532,094
 Provision for income taxes 38,880 597,334
 Net income (loss) before extraordinary
 item (16,065) 934,760
 Extraordinary item --- 675,400
 Net income (loss) (16,065) 259,360
 Earnings per share $(.01) $.14
 Average shares outstanding 1,804,138 1,807,800
 /delval/
 -0- 1/15/93
 /CONTACT: Michael Allen of Freda, 215-336-6300/


CO: Freda Corporation ST: Pennsylvania IN: FOD SU: ERN

JS-CC -- PH036 -- 5573 01/15/93 17:29 EST
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Publication:PR Newswire
Date:Jan 15, 1993
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