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NUTRAMAX REPORTS CONSOLIDATED THIRD QUARTER SALES AND EARNINGS

 GLOUCESTER, Mass., July 14 /PRNewswire/ -- NutraMax Products, Inc. (NASDAQ: NMPC), a leading manufacturer and marketer of private label health and personal care products, reported record sales and earnings for the second quarter ended June 30, 1993.
 Sales for the quarter were $7,608,000, an increase of 19 percent over third quarter 1992 sales of $6,396,000. Gross profit increased to $2,957,000, over the 1992 third quarter gross profit of $2,844,000. Net income for the quarter increased 18 percent to a record $1,121,000 or 14 cents per share based on 8,252,833 weighted average shares outstanding in fiscal 1993 from $947,900 or 12 cents per share based on 8,087,000 shares in the comparable fiscal 1992 quarter.
 For the nine months ended June 30, 1993 sales were $22,482,000 compared to $17,982,000 during the same fiscal 1992 period, an increase of 25 percent. Gross profit increased from $7,977,000 in 1992 to $9,182,000 in 1993, an increase of 15 percent. Net income increased 22 percent to $2,928,000 or 36 cents per share, from $2,483,000 or 31 cents per share in 1992.
 NutraMax Products, Inc.
 Consolidated Operating Results
 Three Months Ended Nine Months Ended
 June 30 June 30
 1993 1992 1993 1992
 Net sales $7,608,000 $6,396,000 $22,480,000 $17,982,000
 Gross profit $2,957,000 $2,844,000 $9,182,000 $7,977,000
 Net income $1,121,000 $948,000 $2,928,000 $2,483,000
 Earnings per share 14 cents 12 cents 36 cents 31 cents
 Weighted average
 shares
 outstanding 8,252,883 8,087,000 8,172,058 8,087,000
 -0- 7/14/93
 /CONTACT: Michael F. Sandler, chief financial officer of NutraMax, 609-665-9300; or Lynn Morgen or Amy Weisman of Morgen-Walke Associates, 212-986-5900 for NutraMax/
 (NMPC)


CO: NutraMax Products, Inc. ST: Massachusetts IN: HEA SU: ERN

DD -- NE002 -- 1166 07/14/93 07:26 EDT
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Publication:PR Newswire
Date:Jul 14, 1993
Words:335
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