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HARLYN PRODUCTS ANNOUNCES 15 PERCENT INCREASED EARNINGS ON AN 11 PERCENT INCREASE IN SALES FOR ITS SECOND FISCAL QUARTER

 LOS ANGELES, Feb. 16 /PRNewswire/ -- Harlyn Products, Inc. (AMEX: HRN) today announced net income of $873,000 or $.20 per share for its second fiscal quarter ended Dec. 31, 1992, compared to net income of $756,000 or $.17 per share for the like quarter of the prior year.
 Net sales for the second fiscal quarter increased to $11,039,000 from $9,946,000 in the like period of the prior year.
 Harold Weisbrod, chairman of the board of directors, commented: "We are pleased to announce increased sales and earnings for both the three and six months ended December 31, 1992, as compared to the prior year.
 "Sales out of our subsidiary in Thailand continue to expand, increasing more than 85 percent in the second fiscal quarter from $1,704,000 to $3,144,000.
 "While domestic sales declined slightly for the second fiscal quarter, profitability continued to improve. Domestic net income increased 68 percent from $361,000 for the second fiscal quarter ended December 31, 1991, to $608,000 for the second fiscal quarter ended December 31, 1992.
 "This indicates our cost reduction efforts and streamlined operations are paying off and positioning Harlyn very strategically as sales rebound out of the domestic recession. Our focus on maintaining product quality and customer service continues unabated. With our broad national market in the U.S.A. and our growing international capabilities, we continue to strengthen our profitability and growth potentials."
 Harlyn Products, Inc. is a Los Angeles-based jewelry manufacturer. The company dominates a segment of the industry known as family jewelry: rings containing the birthstones of loved ones. The company provides approximately 5,000 different designs to more than 20,000 independent, chain and department store jewelry outlets.
 HARLYN PRODUCTS, INC.
 Operating Results
 (Unaudited)
 First half ended Dec. 31 1992 1991
 Net sales $17,085,000 $16,307,000
 Net income $ 1,171,000 $ 1,103,000
 Earnings per share $ .26 $ .24
 Avg. shares outstanding 4,432,039 4,558,457
 Second quarter ended Dec. 31 1992 1991
 Net sales $11,039,000 $ 9,946,000
 Net income $ 873,000 $ 756,000
 Earnings per share $ .20 $ .17
 Avg. shares outstanding 4,437,584 4,535,967
 -0- 2/16/93
 /CONTACT: Edward Dudziak or Randall Monson of Harlyn Products, 213-746-0745/
 (HRN)


CO: Harlyn Products, Inc. ST: California IN: SU: ERN

BN -- LA008 -- 6767 02/16/93 09:44 EST
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Date:Feb 16, 1993
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