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LAMCOR POSTS 395 PERCENT INCREASE IN THIRD QUARTER NET INCOME ON 56 PERCENT INCREASE IN SALES

 LAMCOR POSTS 395 PERCENT INCREASE IN THIRD QUARTER NET
 INCOME ON 56 PERCENT INCREASE IN SALES
 MINNEAPOLIS, Aug. 11 /PRNewswire/ -- Lamcor, Inc. announced today that net income for the third quarter ended June 30, 1992 increased 395 percent to $51,674, or $.045 per share, from $10,423, or $.01 per share, reported one year ago. Net sales increased 56 percent to $854,266 from $548,197 reported one year ago.
 Net income for the nine month period, ended June 30, 1992, increased to $142,379, or $.12 per share, from $81,490, or $.07 per share, posted last year. Net sales for the nine month year-to-date period were $2,360,909 compared to $1,603,776 one year ago.
 Management noted that the increase in net income was primarily attributable to increased demand for the company's value-added products in addition to strength within other higher margin product lines. The increase in sales resulted primarily from increased orders from existing customers and an expanding customer base.
 Lamcor, Inc., based in Le Sueur, Minn., manufactures and markets laminated films and flexible packaging. The company's common stock is traded on the Minneapolis/St. Paul Over-the-Counter market.
 LAMCOR, INC.
 Three months ended June 30,
 1992 1991
 Net sales $854,266 $548,197
 Net income 51,674 10,423
 Weighted average common
 shares outstanding 1,185,542 1,555,542
 Per common share:
 Net income $.044 $.01
 Nine months Ended June 30,
 1992 1991
 Net sales $2,360,909 $1,603,776
 Net income 142,379 81,490(a)
 Weighted average common
 shares outstanding 1,185,542 1,153,320
 Per common share:
 Income (loss) before
 extraordinary item $.12 $.06
 Extraordinary item - $.01
 Net income per share $.12 $.07
 (a) Net income for the nine months ended June 30, 1991 reflects tax-loss carryforward of $13,900.
 -0- 8/11/92
 /CONTACT: Toby Jensen of Lamcor, 612-332-1997; or Chris Sellwood of de Petra & Associates, Inc., 612-338-7630, for Lamcor/ CO: Lamcor, Inc. ST: Minnesota IN: SU: ERN


KH -- MN004 -- 8859 08/11/92 09:54 EDT
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Date:Aug 11, 1992
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