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GSW INC.

 FERGUS, Ont., Feb. 22 /CNW/ - GSW Inc.'s sales from continuing operations increased 14.8 per cent in 1992 to $166,297,000 from $144,917,000 in 1991.
 Net income in 1992 was $4,465,000 or $1.22 per share compared to $4,457,000 or $1.21 per share in 1991.
 Net income before discontinued operations was $5,295,000 or $1.44 per share in 1992 compared to $4,683,000 or $1.27 per share in 1991.
 Losses from the Construction Products operations which are classified as discontinued were $830,000 in 1992 compared to $226,000 in 1991.
 Income from GSW's continuing direct operations increased to $4,251,000 or $1.16 per share in 1992 from $3,453,000 or $0.94 per share in 1991.
 For further information: D.G. Fixter (519) 843-1610
 (GSW.A.)
 -0- 02/22/93


CO: GSW INC. SU: ERN ST:

-- C2666 -- X445 02/22/93
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Publication:PR Newswire
Date:Feb 22, 1993
Words:158
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