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JACLYN REPORTS OPERATING RESULTS FOR SECOND QUARTER AND FOR SIX MONTHS AND DECLARES REGULAR CASH DIVIDEND

JACLYN REPORTS OPERATING RESULTS FOR SECOND QUARTER AND FOR SIX MONTHS
 AND DECLARES REGULAR CASH DIVIDEND
 WEST NEW YORK, N.J., Feb. 11 /PRNewswire/ -- Jaclyn, Inc. (AMEX: JLN) today reported revenues and earnings for the second quarter and for the six months ended Dec. 31, 1991.
 Allan Ginsburg, chairman of the board of Jaclyn, stated that the company was taking additional steps to reduce overhead and improve its operations still further. While the benefits of some of these changes may not be seen until future quarters, Jaclyn is confident that it will continue to remain strong and profitable in these uncertain times.
 Ginsburg also announced that the board of directors of Jaclyn, Inc. today declared the regular quarterly cash dividend of $.12-1/2 per share, payable on May 14, 1992 to stockholders of record on April 14, 1992. This is the company's 94th consecutive quarterly cash dividend.
 Jaclyn, Inc. is a leading designer, manufacturer and marketer of ladies' handbags and other related products.
 JACLYN, INC.
 Consolidated Statement of Earnings
 (Unaudited)
 Periods ended Second quarter Six months
 Dec. 31 1991 1990 1991 1990
 Revenues $12,388,000 $11,421,000 $31,756,000 $30,138,000
 Earnings before
 income taxes 243,000 119,000 1,183,000 1,186,000
 Income taxes 78,000 15,000 416,000 488,000
 Net earnings 165,000 104,000 767,000 698,000
 Avg. no. of shares
 outstanding 2,656,353 2,769,953 2,656,353 2,769,953
 Net earnings per
 common share $.06 $.04 $.29 $.25
 -0- 2/11/92
 /CONTACT: Murray Richman, treasurer of Jaclyn, 201-868-9400/
 (JLN) CO: Jacyln, Inc. ST: New Jersey IN: REA SU: ERN


TS-SH -- NY038 -- 8777 02/11/92 11:45 EST
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Publication:PR Newswire
Date:Feb 11, 1992
Words:286
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