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KETEMA REPORTS FIRST QUARTER RESULTS

 DENVER, June 23 /PRNewswire/ -- Ketema Inc. (AMEX: KTM) today reported a net loss of $0.3 million, or 9 cents per share, for the first quarter of fiscal 1994, compared to net income of $0.3 million, or 7 cents per share in the first quarter of the prior fiscal year. Sales in the first quarter of 1994 were $42.4 million, compared to $40.4 million in 1993.
 Hugh H. Williamson, III, president and chief executive officer of the diversified manufacturer, commented, "Operating income for the first quarter was down slightly compared to the prior year's first quarter, as certain divisions, such as Aluminum Extrusion and Heat Transfer, continue to struggle with soft market conditions while other divisions and subsidiaries have improved revenues and profits. Lower interest rates on our short-term investments have negatively impacted the results for the quarter compared to the first quarter of the prior year. We are continuing to focus our efforts on deploying our resources in a prudent and efficient manner in order to improve our overall results."
 Ketema is a diversified, multi-product manufacturer which develops, designs, manufactures and markets, domestically and internationally, a wide group of products for industrial and commercial markets.
 KETEMA INC.
 Quarter Ended
 May 31,
 1993 1992
 Net sales $42,407,000 $40,448,000
 Operating income $593,000 $694,000
 Provision for income taxes $49,000 $177,000
 Net income (loss) $(343,000) $265,000
 Earnings (loss) per share (a) $(0.09) $0.07
 Average shares outstanding (a) 3,683,287 3,814,798
 (a) There is no dilutive effect on per share amounts assuming the
 conversion of the debentures into additional shares of common
 stock.
 -0- 6/23/93
 /CONTACT: Claire R. DeLabar of Ketema, 303-329-7188/
 (KTM)


CO: Ketema Inc. ST: Colorado IN: ARO CPR SU: ERN

MC -- DV003 -- 4924 06/23/93 10:18 EDT
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Publication:PR Newswire
Date:Jun 23, 1993
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