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JETRONIC INDUSTRIES, INC. REPORTS NET PROFIT FOR THE NINE MONTHS ENDED OCT. 31, 1993

 PHILADELPHIA, Dec. 10 /PRNewswire/ -- Jetronic Industries, Inc. (ASE: JET) today reported results of operations for the third quarter and nine months ended Oct. 31, 1993.
 For the third quarter ended Oct. 31, 1993, the Company reported net sales of $5,359,000 and net income of $17,000 or $.01 a share. This compares to net sales of $7,442,000 and net income of $120,000 or $.05 a share for the comparable period in 1992.
 For the nine months ended Oct. 31, 1993, the Company reported net sales of $17,523,000 and net income of $296,000 or $.08 a share. This compares to net sales of $19,685,000 and a net loss of ($81,000) or ($.03) a share for the comparable period in 1992.
 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 000s except per share data)
 Periods ended Three Months Nine Months
 Oct. 31 1993 1992 1993 1992
 Net sales $5,359 $7,442 $17,523 $19,685
 Income (loss) before income
 taxes 18 112 320 (73)
 Income tax provision 1 (8) 24 8
 Net income (loss) 17 120 296 (81)
 Net income (loss) per share .01 .05 .08 (.03)
 Average shares outstanding 3,734 2,879 3,734 2,879
 -0- 12/10/93
 /CONTACT: Leonard W. Pietrzak of Jetronic, 215-482-7660/
 (JET)


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

MP-LG -- NY024 -- 2552 12/10/93 10:43 EST
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Publication:PR Newswire
Date:Dec 10, 1993
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