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JUST TOYS REPORTS RECORD SECOND QUARTER AND FIRST HALF SALES AND EARNINGS

 NEW YORK, Aug. 4 /PRNewswire/ -- Just Toys, Inc. (NASDAQ-NMS: JUST) today reported record sales and earnings for the second quarter and six months ended June 30, 1993. Net sales rose 85.8 percent in the second quarter, to $10,094,000, from $5,432,000 in the second quarter of 1992. Net income for the second quarter increased by 67.2 percent to $689,000 from $412,000 in the prior year period. Earnings per share were $0.21 on 3,283,000 shares outstanding in the second quarter of 1993, compared to $0.20 on 2,000,000 shares in the same period last year.
 Net sales for the first six months of 1993 were $18,590,000, more than twice the $9,006,000 in the comparable period last year. Net income rose to $1,096,000, a 74.5 percent increase over $628,000 in the same period. Earnings per share were $0.34 on 3,205,000 shares outstanding in the first half of 1993, compared with $0.31 on 2,000,000 shares in the same period last year.
 Chairman and CEO Allan Rigberg attributed the record increases to "better overall distribution domestically and solid growth in our international sales." He further noted that the company's carry-forward products such as BEND-EMS(TM), SUPER TUFF(TM) foam sports toys and the BEAUTY AND THE BEAST TALK 'N VIEW MAGIC MIRROR(TM) "produced excellent sales."
 Mr. Rigberg added that Just Toys' performance was "especially gratifying in the light of our progress since going public in October last year."
 "On June 30th, 1992, we were a private company with two million shares," he observed, "and today, we've successfully completed our initial public offering, a second offering in June 1993, and are generating record results."
 JUST TOYS, INC.
 Condensed Consolidated Statement of Operations
 (Unaudited, in thousands, except per share figures)
 Three months Six months
 Periods ended June 30 1993 1992 1993 1992
 Net sales $ 10,094 $ 5,432 $ 18,590 $ 9,006
 Operating income 1,042 799 1,695 1,223
 Pro forma net income 689 412 1,096 628
 Earnings per share (A) $ 0.21 $ 0.20 $ 0.34 $ 0.31
 Weighted average common
 shares outstanding 3,283 2,000 3,205 2,000
 (A) Earnings per share based on the weighted average number of shares outstanding during each period include common stock equivalents when dilutive, as if such shares were outstanding for all periods. Primary and fully diluted earnings per share at June 30, 1993 are the same.
 BEND-EMS, SUPER TUFF and TALK 'N VIEW MAGIC MIRROR are all trademarks of Just Toys, Inc.
 -0- 8/4/93
 /CONTACT: Allan Rigberg, 212-645-6335, or Geoffrey Gimbel, 212-594-1480, both of Just Toys, Inc., or Barry Schwartz of Schwartz Public Relations Assoc., Inc., 212-677-8700, for Just Toys, Inc./
 (JUST)


CO: Just Toys, Inc. ST: New York IN: HOU SU: ERN

LD-WB -- NY004 -- 9174 08/04/93 08:00 EDT
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Publication:PR Newswire
Date:Aug 4, 1993
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