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MULTI-COLOR REPORTS NINE MONTH 1993 RESULTS

 CINCINNATI, Jan. 20 /PRNewswire/ -- Multi-Color Corporation (NASDAQ: LABL) today announced results for its third quarter ended Dec. 27, 1992.
 For the nine months ended Dec. 27, 1992, Multi-Color sales increased 3 percent to $48,737,000. Net income increased to $756,000 ($.34 per share) from a loss of $302,000 (($.14) per share) in the year earlier period.
 Net sales for the third quarter of fiscal 1993 totaled $16,362,000 a decrease of 2 percent from $16,761,000 in the year earlier period. net earnings increased 9 percent to $387,000, $.18 per share from $355,000, $.16 per share in the year earlier period.
 John C. Court, president and chief executive officer, commented, "The improvement in operating results occurred even though the company continued to be affected during the period by the recovery from the flood at its Scottsburg facility. We continued to see the conversion of a number of products to in-mold labels during the quarter and expect to see sales growth resume in the final quarter."
 Effective March 30, 1992 the company elected to adopt statement of financial accounting standards no. 109 "Accounting for Income Taxes." The cumulative effect of this change as of March 30, 1992 was $180,000 ($.08 per share) and was reported as an increase in net earnings in the first quarter of fiscal 1993.
 Multi-Color Corporation is one of the largest manufacturers of printed labels for branded consumer products in the United States. the company's shares are traded over-the-counter under the National Market System LABL.
 Multi-Color Corporation
 Financial Highlights
 (Thousands except per share amounts)
 Thirteen Weeks Ended Thirty Nine Weeks Ended
 12/27/92 12/29/91 12/27/92 12/29/91
 Net Sales $16,362 $16,761 $48,737 $47,447
 Net Income (Loss) $387 $355 $756 ($302)
 Net Income (Loss)
 per share $.18 $.16 $.34 ($.14)
 Average Shares 2,192 2,207 2,201 2,227
 -0- 1/20/93
 /CONTACT: John D. Littlehale, secretary, Multi-Color Corporation, 513-321-5381/
 (LABL)


CO: Multi-Color Corporation ST: Ohio IN: PAP SU: ERN

BM -- CL019 -- 7114 01/20/93 17:02 EST
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Publication:PR Newswire
Date:Jan 20, 1993
Words:351
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