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HE-RO GROUP REPORTS RESULTS

 NEW YORK, Jan. 14 /PRNewswire/ -- The He-Ro Group, Ltd. (NYSE: HRG) announced today, sales and earnings for the six months ended Nov. 30, 1992.
 Net sales for the second quarter increased to $61,119,000 from $41,703,000 for the comparable quarter last year. Net income for the second quarter decreased to $3,071,000 from $4,941,000 in the same period last year. Net income per share was $0.46 based on a weighted average of 6,717,000 shares outstanding as compared to $0.78 for the comparable quarter last year based on a weighted average of 6,295,000 shares outstanding.
 Net sales for the six months ended Nov. 30, 1992 increased to $97,638,000 from $75,975,000 for the comparable six month period last year. Net income for the first six months decreased to $3,267,000 from $7,445,000 in the same period last year. Net income per share was $0.49 based on a weighted average of 6,717,000 shares outstanding as compared to $1.36 per share, based on weighted average shares outstanding of 5,490,000, for the comparable six months last year. Earnings per share for the first half of fiscal 1993 reflect an increase in the number of weighted average common shares outstanding due to the completion of the company's initial public offering in September 1991.
 The He-Ro Group, Ltd. produces and markets a variety of women's apparel under licensed designer labels. These labels include "Oleg Cassini," "Bill Blass," "Bob Mackie Boutique," "J.G. Hook" and "Oscar de la Renta Studio." He-Ro's merchandise, which is sold to department and specialty stores nationwide, includes evening and special occasion wear, dresses, suits, blouses and sportswear.
 HE-RO GROUP LTD.
 Financial Highlights
 (Unaudited, in thousands, except per share data)
 Periods ended Three Months Six Months
 Nov. 30 1992 1991 1992 1991
 Net sales $ 61,119 $ 41,703 $ 97,638 $ 75,975
 Cost of sales 41,769 23,183 66,236 43,218
 Gross profit 19,350 18,520 31,402 32,757
 Selling, G & A
 expenses 14,449 10,074 25,988 19,611
 Income from
 operations 4,901 8,446 5,414 13,146
 Interest expenses 760 581 1,287 1,379
 Income before pro
 forma income taxes 4,141 7,865 4,127 11,767
 Pro forma income
 taxes 1,070 2,924 860 4,322
 Pro forma net income 3,071 4,941 3,267 7,445
 Pro forma net income
 per common share $ 0.46 $ 0.78 $ 0.49 $ 1.36
 Weighted average
 shares outstanding 6,717 6,295 6,717 5,490
 -0- 1/14/93
 /CONTACT: Richard Woolwine, executive vice president of The He-Ro Group, Ltd., 201-601-5641/
 (HRG)


CO: He-Ro Group, Ltd. ST: New Jersey IN: TEX SU: ERN

WB-LD -- NY076 -- 5092 01/14/93 17:28 EST
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Date:Jan 14, 1993
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