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METRO TEL REPORTS THIRD QUARTER RESULTS

 JERICHO, N.Y., April 15 /PRNewswire/ -- Metro Tel Corp. (NASDAQ: MTRO) today reported its third straight profitable quarter despite slightly lower quarterly sales.
 For the nine month period ended March 31, 1993, sales were $3,360,258 with net earnings of $90,973 or $.05 per share compared with sales of $3,202,678 and a loss of $30,186 or $.02 per share for the same period of fiscal 1992.
 For the third quarter the company reported sales of $1,063,432 and net earnings of $17,052 or $.01 per share compared with sales of $1,170,706 and net earnings of $37,525 or $.02 per share for the same quarter of last year.
 V.J. Indelicato, president of Metro Tel, stated that "sales for the quarter were disappointing despite favorable reactions to the company's new products. It seems the telecommunication industry is still mired in a recessionary climate."
 Mr. Indelicato was optimistic about the fourth quarter and indicated that the company's efficient performance and belt-tightening moves in its operations would insure a profitable year.
 METRO TEL CORP.
 Periods ended Three Months Nine Months
 March 31 1993 1992 1993 1992
 Sales $1,063,432 $1,170,706 $3,360,258 $3,202,678
 Earnings (loss) before
 income taxes 28,419 62,541 151,621 (50,310)
 Provisions (credit)
 for income taxes 11,367 25,016 60,648 (20,124)
 Net earnings (loss) 17,052 37,525 90,973 (30,186)
 Provision for dividends
 on redeemable preferred
 stock -- -- -- (6,300)
 Net earnings (loss) applicable
 to common stock 17,052 37,525 90,973 (36,486)
 Net earnings (loss)
 per share $.01 $.02 $.05 $(.02)
 Weighted average shares
 outstanding 2,004,046 2,004,046 2,004,046 2,004,046
 -0- 4/15/93
 /CONTACT: V. Indelicato of Metro Tel, 516-937-3420/
 (MTRO)


CO: Metro Tel Corp. ST: New York IN: TLS SU: ERN

WB-SM -- NY096 -- 6391 04/15/93 15:32 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
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