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LATSHAW ENTERPRISES REPORTS RESULTS

 WICHITA, Kan., June 15 /PRNewswire/ -- Latshaw Enterprises, Inc. announced today that it had a net profit for the second quarter of 1993 of $518,000 or $1.04 a share (primary) and 55 cents (fully diluted) compared to a net loss of $148,000 or 25 cents a share for the same period in 1992. For the first six months of 1993 there was a per share net profit of 65 cents (primary) and 40 cents (fully diluted) on a net profit of $337,000. This compares to an 87 cent per share profit on a total net profit of $510,000 for the same period in 1992.
 LATSHAW ENTERPRISES, INC. AND SUBSIDIARIES
 Summary of Sales and Earnings
 (In thousands, except per-share data)
 Periods ended Three months Six months
 5/1/93 5/2/92 5/1/93 5/2/92
 Net sales $8,272 $7,449 $15,449 $13,775
 Income (loss) before taxes
 and extraordinary item 661 (176) 1,284 490
 Income tax provision 225 (63) 437 163
 Income (loss) before
 extraordinary item 436 (113) 847 327
 Extraordinary item 82 (35) 170 183
 Cumulative effects of
 changes in accounting
 principles -- -- (680) --
 Net income (loss) 518 (148) 337 510
 Net income (loss) per common share:
 Primary:
 Income (loss) before
 extraordinary item
 and cumulative effects
 of changes in accounting
 principles $.88 ($.19) $1.63 $.56
 Extraordinary item .16 (.06) .33 .31
 Cumulative effects of
 changes in accounting
 principles -- -- (1.31) --
 Net income (loss) per share $1.04 ($.25) $.65 $.87
 Net income per common and Class C common share:
 Fully diluted:
 Income before extraordinary
 item and cumulative effects
 of changes in accounting
 principles $.47 -- $.91 --
 Extraordinary item .08 -- .17 --
 Cumulative effects of
 changes in accounting
 principles -- -- (.68) --
 Net income per share $.55 -- .40 --
 -0- 6/15/93
 /CONTACT: David G. Carr, vice president-finance of Latshaw Enterprises, Inc., 316-942-7266, ext. 277/


CO: Latshaw Enterprises, Inc. ST: Kansas IN: SU: ERN

SM-TS -- NY090 -- 2313 06/15/93 16:32 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
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