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MULTI-COLOR REPORTS THIRD QUARTER EARNINGS

 MULTI-COLOR REPORTS THIRD QUARTER EARNINGS
 CINCINNATI, Jan. 15 /PRNewswire/ -- Multi-Color Corporation


(NASDAQ: LABL) today announced results for its third quarter ended Dec. 29, 1991.
 Net sales for the third quarter of fiscal 1992 totaled $16,761,000, up 1 percent from $16,650,000 in the year-earlier period. Net income for the quarter was $355,000, a 105 percent increase from the same prior year period's $173,000. Earnings per share doubled to $.16 for the third quarter, from $.08 in the same prior year period.
 The improvement in earnings resulted from the improved contribution of the company's new facilities. While sales remain weak as the result of the recession, earnings improved significantly due to the higher margins generated by the new facilities.
 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, symbol LABL.
 MULTI-COLOR CORPORATION
 Financial Highlights
 Thirteen Weeks Ended
 12/29/91 12/30/90
 Net Sales $16,761,000 $16,650,000
 Net Income (Loss) $355,000 $173,000
 Net Income Per Share $.16 $.08
 Average Shares 2,207,000 2,169,000
 Thirty-Nine Weeks Ended
 12/29/91 12/30/90
 Net Sales $47,447,000 $48,137,000
 Net Income (Loss) (302,000) (518,000)
 Net Income Per Share (.14) (.23)
 Average Shares 2,227,000 2,207,000
 -0- 1/15/92
 /CONTACT: John D. Littlehale, treasurer of Multi-Color Corporation, 513-321-5381/
 (LABL) CO: Multi-Color Corporation ST: Ohio IN: PAP SU: ERN


KK -- CL009 -- 9915 01/15/92 10:38 EST
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Publication:PR Newswire
Date:Jan 15, 1992
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