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NVF COMPANY ANNOUNCES RESULTS

 MIAMI, April 15 /PRNewswire/ -- NVF Company (PSE) filed today its annual report on Form 10-K for the year ended Dec. 31, 1992 and reported results for such year and the quarter then ended.
 For the year ended Dec. 31, 1992, NVF reported net sales and operating revenues of $162.7 million and a net loss of $28.8 million ($.31 per share) compared with revenue of $205.4 million and a net loss of $30.7 million ($.33 per share) for the comparable period of 1991.
 For the quarter ended Dec. 31, 1992, the company reported net sales and operating revenues of $35.1 million and a net loss of $2.3 million ($.03 per share) compared with revenues of $46.8 million and net loss of $12.2 million ($.13 per share) for the comparable period of 1991.
 NVF COMPANY
 Summary of Consolidated Operating Results
 (In thousands except per share amounts)
 Three Months Ended 12 Months Ended
 Dec. 31, Dec. 31,
 1992 1991 1992 1991
 Net sales and
 operating revenues $ 35,077 46,817 162,725 205,381
 Earnings (loss) from
 operations $ 884 (4,344) (9,487) (9,628)
 Loss from operations
 before taxes on income,
 equity in net earnings
 (loss) of affiliates and
 extraordinary items $ (2,377) (12,287) (28,833) (29,646)
 Provision for (benefit
 from) taxes on income 4 (3) 55 90
 Loss from operations
 before equity in net
 earnings (loss) of
 affiliates and
 extraordinary items (2,381) (12,284) (28,888) (29,736)
 Equity in net earnings
 (loss) of affiliates 60 14 103 (1,026)
 Loss from operations before
 extraordinary items (2,321) (12,270) (28,785) (30,762)
 Extraordinary items:
 Gain on early
 extinguishment of debt --- 22 --- 22
 Equity in extraordinary
 item of affiliate,
 net of taxes --- --- --- 81
 Net loss $ (2,321) (12,248) (28,785) (30,659)
 Weighted average number
 of common and common
 equivalent shares
 outstanding, in
 thousands of shares 93,271 93,428 93,311 93,428
 Net loss per share:
 From operations $(.03) (.13) (.31) (.33)
 -0- 4/15/92
 /CONTACT: Charles Nolan, executive vice president of NVF Company, 305-866-7771/


CO: NVF Company ST: Florida IN: SU: ERN

SS-AW -- FL016 -- 6523 04/15/93 18:10 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
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