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NORTHWEST TELEPRODUCTIONS REPORTS SECOND QUARTER SALES AND EARNINGS

NORTHWEST TELEPRODUCTIONS REPORTS SECOND QUARTER SALES AND EARNINGS
 MINNEAPOLIS, Nov. 3 /PRNewswire/ -- Northwest Teleproductions, Inc. (NASDAQ-NMS: NWTL) reported sales of $3,208,276 and net earnings of $26,822 or $.02 per share for the second quarter ended Sept. 30, 1992. This compares with sales of $3,581,426 and net earnings of $59,421 or $.04 per share for the second quarter of the prior year.
 Year-to-date sales for the six months ended Sept. 30, 1992 of $6,959,034 resulted in net earnings of $263,474 or $.16 per share. Comparative results for the same period of the prior year were sales of $6,989,074 and net earnings of $30,492 or $.02 per share.
 Robert Mitchell, president, commented that with the exception of government contract work, sales for the quarter were up in all other areas. Department of Defense production experienced scheduling delays during the second quarter. He further stated that although the company currently has a reasonably good production backlog, general economic conditions continue to create pricing pressures which are reflected in reduced margins.
 Northwest Teleproductions, Inc. is a full-service videotape and film production company with facilities located in Minneapolis, Dallas, Kansas City, and Chicago.
 NORTHWEST TELEPRODUCTIONS, INC.
 RESULTS OF OPERATIONS
 Three Months Ended Six Months Ended
 9/30/92 9/30/91 9/30/92 9/30/91
 Net sales $3,208,276 $3,581,426 $6,959,034 $6,989,074
 Costs and expenses:
 Costs of products and
 services sold 2,402,797 2,582,698 4,919,639 5,130,369
 Selling, general and
 administrative 667,962 710,210 1,389,701 1,473,307
 Interest 106,301 179,369 229,639 337,601
 -- 3,177,060 3,472,277 6,538,979 6,941,277
 -- 31,216 109,149 420,055 47,797
 Other income 12,606 1,272 18,419 4,695
 Earnings before taxes
 on income 43,822 110,421 438,474 52,492
 Taxes on income 17,000 51,000 175,000 22,000
 Net earnings $26,822 $59,421 $263,474 $30,492
 Net earnings per share $.02 $.04 $.16 $.02
 -0- 11/3/92
 /CONTACT: Jim Steffen of Northwest Teleproductions, 612-835-4455/
 (NWTL) CO: Northwest Teleproductions, Inc. ST: Minnesota IN: IN: ERN


KH -- MN005 -- 2034 11/03/92 11:32 EST
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Publication:PR Newswire
Date:Nov 3, 1992
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