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K-TEL ANNOUNCES RESULTS FOR THE THIRD QUARTER ENDED MARCH 31, 1992

 K-TEL ANNOUNCES RESULTS FOR THE THIRD QUARTER ENDED MARCH 31, 1992
 MINNEAPOLIS, May 15 /PRNewswire/ -- K-tel International, Inc. reported its results for the nine months ended March 31, 1992. Consolidated net sales for the nine months ended March 31, 1992 were $35,087,000 with income of $2,028,000 before income taxes. For the same period last year net sales were $28,042,000 with income of $229,000 before income taxes. The improvement in sales and income reflects higher direct response sales of consumer convenience product, improved results from the U.S. subsidiary and positive results from expansion into Spain and France.
 The operating results for the nine months ended March 31, 1992, are not necessarily indicative of the results that may be expected for the year as a whole.
 K-TEL INTERNATIONAL INC.
 SUMMARY OF CONSOLIDATES FINANCIAL INFORMATION
 (Unaudited, in thousands, except per-share data)
 Three Months Ended Nine Months Ended
 3/31/92 3/31/91 3/31/92 3/31/91
 Net sales $14,440 $9,412 $35,087 $28,042
 Income before income taxes 1,162 184 2,028 844
 Provision for income taxes (295) (146) (809) (615)
 Net income $867 $38 $1,219 $229
 Income (loss) per share of
 common stock $.24 $.01 $.34 $.06
 Weighted average shares
 outstanding 3,600 3,640 3,600 3,640
 -0- 5/15/92
 /CONTACT: Mark Dixon of K-tel, 612-559-6820/ CO: K-tel International, Inc. ST: Minnesota IN: SU: ERN


KH -- MN003 -- 0718 05/15/92 11:51 EDT
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Publication:PR Newswire
Date:May 15, 1992
Words:250
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