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NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION ANNOUNCES SALES AND EARNINGS FIRST QUARTER ENDED NOV. 30, 1993

 LINO LAKES, Minn., Jan. 14 /PRNewswire/ -- Northern Technologies International Corporation (AMEX: NTI) today announced the following results:
 First Quarter Ended
 11/30/93 11/30/92
 Sales $1,183,821 $985,561
 Net income $258,795 $294,632
 Earnings per common share $.06 $.07
 Sales increased by 20 percent during the first quarter of fiscal 1994 from the sales for the first quarter of fiscal 1993. Income before income taxes was up 27 percent for the first quarter of fiscal 1994 from that for the first quarter of fiscal 1993. Full utilization of an operating loss carryforward resulted in net income after taxes of $258,795 for the first quarter of fiscal 1994 compared to $294,632 for the first quarter of fiscal 1993, and therefore earnings per common share of $.06 for the first quarter of fiscal 1994 compared to $.07 for the first quarter of fiscal 1993. The company's fees received from and its equity value in its international joint ventures increased in the first quarter of fiscal 1994 compared to the first quarter of fiscal 1993 and the company anticipates continued increases.
 Northern Technologies International Corporation, Lino Lakes, located in the Minneapolis-St. Paul metropolitan area, is a manufacturer of proprietary corrosion inhibiting products and electronic sensing instruments.
 -0- 1/14/94
 /CONTACT: Loren M. Ehrmanntraut, secretary/treasurer of Northern Technologies International, 612-784-1250/
 (NTI)


CO: Northern Technologies International Corporation ST: Minnesota IN: CPR SU: ERN

DS-AL -- MN005 -- 2054 01/14/94 09:03 EST
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Publication:PR Newswire
Date:Jan 14, 1994
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