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JETRONIC INDUSTRIES, INC., REPORTS NET PROFIT FOR THE SIX MONTHS ENDED JULY 31, 1993, AND COMPLETION OF NEW FINANCING

 PHILADELPHIA, Sept. 13 /PRNewswire/ -- Jetronic Industries, Inc. (AMEX: JET), today reported results of operations for the second quarter and six months ended July 31, 1993.
 For the second quarter ended July 31, 1993, the company reported net sales of $6,056,000 and net income of $131,000, or 3 cents a share. This compares to net sales of $6,837,000 and a net loss of $32,000, or 1 cent a share, for the comparable period in 1992.
 For the six months ended July 31, 1993, the company reported net sales of $12,164,000 and net income of $279,000, or 7 cents a share. This compares to net sales of $12,243,000 and a net loss of $201,000, or 8 cents a share, for the comparable period in 1992.
 The company completed its new financing arrangement on June 30, 1993, which provides for working capital of up to $6.5 million through June 1996.
 Jetronic Industries, Inc., is a diversified company engaged in the design, manufacture and marketing of electronic communication and navigation devices and energy conversion products.
 JETRONIC INDUSTRIES, INC.
 Consolidated Statement of Operations
 (In thousands, except per share data)
 For the periods Three Months Six Months
 ended July 31, 1993 1992 1993 1992
 Net sales $6,056 $6,837 $12,164 $12,243
 Income (loss) before
 income taxes 142 (16) 302 (185)
 Income tax provision 11 16 23 16
 Net income (loss) 131 (32) 279 (201)
 Net income (loss) per share .03 (.01) .07 (.08)
 Average shares outstanding 3,722 2,457 3,722 2,457
 -0- 9/13/93
 /CONTACT: Leonard W. Pietrzak, vice president - finance of Jetronic Industries, 215-482-7660/
 (JET)


CO: Jetronic Industries, Inc. ST: Pennsylvania IN: CPR SU: ERN

PS-TW -- NY032 -- 1217 09/13/93 10:46 EDT
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Publication:PR Newswire
Date:Sep 13, 1993
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