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KIDDIE PRODUCTS REPORTS SIX MONTHS SALES AND EARNINGS

 KIDDIE PRODUCTS REPORTS SIX MONTHS SALES AND EARNINGS
 AVON, Mass., Aug. 13 /PRNewswire/ -- Kiddie Products, Inc.


(NASDAQ: KIDD) reported sales for the first six months of 1992 were $23,554,619 as compared to $18,887,421 for the similar period last year. Net income was $1,175,928 as compared to $907,051 for the first six months of 1991. Earnings per share, based on the average number of shares outstanding in each period (749,420 in 1992 and 1991), were $1.57 for the first six months of 1992 and $1.21 for the similar period last year.
 Net sales and net income for the first six months of 1992 were the highest in the company's history. Sales from the introduction of new products, especially one new product, and expanded distribution in new and existing accounts have contributed to the growth.
 The company is expanding its business in foreign markets. To enhance our presence in Europe, the company has recently opened sales offices in England and France, developed multilingual packaging, and stocked with inventory a distribution site in Belgium. In connection with this expansion, the company has incurred, and will continue to incur, substantial start-up expenses throughout the year.
 KIDDIE PRODUCTS, INC.
 Interim Operating Report
 (Unaudited and subject to year-end adjustment)
 Six Months Ended
 June 30
 1992 1991
 Net Sales $23,554,619 $18,887,421
 Income Before Taxes on Income 2,026,928 1,563,751
 Provision for Taxes on Income 851,000 656,700
 Net Income $1,175,928 $907,051
 Earnings Per Share of Common Stock $1.57 $1.21
 Average Number of Shares Outstanding 749,420 749,420
 Three Months Ended
 June 30
 1992 1991
 Net Sales $11,734,524 $10,063,832
 Income Before Taxes on Income 950,382 897,227
 Provision for Taxes on Income 398,800 377,100
 Net Income 551,582 520,127
 Earnings Per Share of Common Stock 74 cents 69 cents
 Average Number of Shares Outstanding 749,420 749,420
 -0- 8/13/92
 /CONTACT: John Beals of Kiddie Products, Inc., 508-588-1220/
 (KIDD) CO: Kiddie Products, Inc. ST: Massachusetts IN: REA SU: ERN


TM-CN -- NE019 -- 9821 08/13/92 16:32 EDT
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Publication:PR Newswire
Date:Aug 13, 1992
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