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METRO TEL REPORTS THIRD QUARTER RESULTS

 JERICHO, N.Y., April 19 /PRNewswire/ -- Metro Tel Corp. (NASDAQ: MTRO) today reported a 4.6% increase in sales for the third quarter along with a significant increase in earnings. However, both sales and earnings for the nine month period are still behind last year's performance.
 For the third quarter the Company reported sales of $1,112,750 and net earnings of $30,675 or $.02 per share compared with sales of $1,063,432 and net earnings of $17,052 or $.01 per share for the same quarter of last year.
 For the nine month period ended March 31, 1994, sales were $3,077,104 with net earnings of $72,360 or $.04 per share compared with sales of $3,360,258 and net earnings of $90,973 or $.05 per share for the same period of fiscal 1993.
 V.J. Indelicato, president of Metro Tel, stated that "sales for the third quarter were impressive when considered in light of huge lay-offs in telephone company staffs."
 He also stated that the Company's strategy in positioning itself in other telecommunications markets should start to pay-off in the fourth quarter as the new product introductions begin contributing to sales.
 Metro Tel is a manufacturer of telephone test equipment and peripheral telephone products.
 METRO TEL CORP.
 Three Months Nine Months
 Ended March 31, Ended March 31,
 1994 1993 1994 1993
 Sales $1,112,750 $1,063,432 $3,077,104 $3,360,258
 Earnings before
 income taxes 51,175 28,419 120,660 151,621
 Provision for
 income taxes 20,500 11,367 48,300 60,648
 Net Earnings 30,675 17,052 72,360 90,973
 Earnings per share .02 .01 .04 .05
 Weighted average
 number of shares
 outstanding 2,004,046 2,004,046 2,004,046 2,004,046
 -0- 4/19/94
 /CONTACT: V. Indelicato of Metro Tel Corp., 516-937-3420/
 (MTRO)


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

GK-PS -- NY073 -- 8168 04/19/94 12:34 EDT
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Publication:PR Newswire
Date:Apr 19, 1994
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