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HARLYN PRODUCTS ANNOUNCES RECORD SALES AND A 16 PERCENT INCREASE IN NET INCOME FOR ITS FISCAL QUARTER ENDED SEPT. 30, 1993

 LOS ANGELES, Nov. 15 /PRNewswire/ -- Harlyn Products, Inc. (AMEX: HRN) today announced record net sales of $6,449,000 and net income of $345,000 ($.08 per share) for its first fiscal quarter ended Sept. 30, 1993, an increase of 7 percent and 16 percent, respectively, as compared to net sales of $6,046,000 and net income of $298,000 ($.07 per share) for the like period ended Sept. 30, 1992.
 Harold Weisbrod, chairman of the board of directors, commented: "For the first fiscal quarter, domestic sales increased by 24 percent as compared to the same quarter of the prior year. This increase is primarily attributed to demand for the company's goods by retailers stocking for the coming holiday season. We are optimistic that this portends continuing improvement in the domestic market, as Harlyn is very well positioned to take advantage of such a trend. Net income increased for the quarter as new styles produced by our Thailand subsidiary are achieving remarkable acceptance in the U.S. by major customers. This is a very profitable distribution channel for us and it appears poised for steady growth."
 Harlyn Products, Inc. is a Los Angeles based international jewelry manufacturer. The company dominates a domestic market segment known as family jewelry, and provides approximately 5,000 different designs to more than 20,000 jewelry outlets worldwide.
 HARLYN PRODUCTS, INC.
 Operating Results
 (Unaudited)
 First quarter ended Sept. 30 1993 1992
 Net sales (in $000) $ 6,449 $ 6,046
 Income from operations $ 861 $ 658
 Income before taxes $ 487 $ 426
 Net income (in $000) $ 345 $ 298
 Earnings per share $ 0.08 $ 0.07
 Avg. shares outstanding 4,472,000 4,425,000
 -0- 11/15/93
 /CONTACT: Edward Dudziak, president, or Randall Monson, VP-finance of Harlyn, 213-746-0745; or Alan Stone & Company (investor relations), 310-282-8686/
 (HRN)


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

JG-GK -- NY023X -- 4332 11/15/93 11:00 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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