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LATSHAW ENTERPRISES REPORTS RESULTS

 LATSHAW ENTERPRISES REPORTS RESULTS
 WICHITA, Kan., June 17 /PRNewswire/ -- Latshaw Enterprises, Inc.,


today announced it had a net loss for the second quarter of 1992 of $148,000, or 25 cents a share, compared to a net profit of $659,000, or $1.13 a share, for the same period in 1991.
 For the six months of 1992, there was a per share profit of 87 cents on net profit of $510,000 compared to a 72 cents per share profit on a total net profit of $419,000 for the same period in 1991.
 LATSHAW ENTERPRISES, INC., AND SUBSIDIARIES
 Summary of Sales and Earnings
 (Unaudited; in thousands except per share data)
 Periods Three Months Six Months
 Ended 5/2/92 5/4/91 5/2/92 5/4/91
 Net sales $7,449 $5,604 $13,775 $11,280
 Income (loss) before
 taxes and extraord. item (176) 478 490 152
 Income tax provision
 (benefit) (63) 140 163 54
 Income (loss) before
 extraordinary item (113) 338 327 98
 Extraordinary item --
 utilization of capital
 loss carryforwards (35) 321 183 321
 Net income (loss) $ (148) $ 659 $ 510 $ 419
 Net income (loss) per
 common share:
 Income (loss) before
 extraordinary item $(.19) $ .58 $.56 $.17
 Extraordinary item (.06) .55 .31 .55
 Net income (loss) per
 share $(.25) $1.13 $.87 $.72
 Weighted average shares
 outstanding 589,435 582,384 586,689 580,230
 -0- 6/17/92
 /CONTACT: David G. Carr, vice president-finance of Latshaw Enterprises, 316-942-7266, ext. 277/ CO: Latshaw Enterprises, Inc. ST: Kansas IN: SU: ERN


GK-LR -- NY075 -- 1259 06/17/92 17:40 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 17, 1992
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