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NVF COMPANY REPORTS RESULTS

 NVF COMPANY REPORTS RESULTS
 MIAMI, March 31 /PRNewswire/ -- NVF Company reported results for


the year and quarter ended Dec. 31, 1991.
 For the year ended Dec. 31, 1991 NVF reported net sales and operating revenues of $205.4 million and a net loss of $30.7 million ($.33 per share) compared with revenue of $236.4 million and a net loss of $29.6 million ($.32 per share) for the comparable period of 1990.
 For the quarter ended Dec. 31, 1991, the company reported net sales and operating revenues of $46.8 million and a net loss of $12.2 million ($.13 per share) compared with revenues of $54.3 million and net earnings of $7.8 million ($.08 per share) for the comparable period of 1990.
 Results for the year and the quarter ended Dec. 31, 1990 have been restated to reflect the consolidation of APL Corporation on June 7, 1991.
 NVF COMPANY
 Summary of Consolidated Operating Results
 (In thousands except per share amounts)
 Three Months Ended 12 Months Ended
 Dec. 31, Dec. 31,
 1991 1990 1991 1990
 Restated(A) Restated(A)
 Net sales and
 operating
 revenues $46,817 54,336 205,381 236,446
 Loss from
 continuing
 operations $(4,344) (4,063) (9,628) (11,644)
 Loss from continuing
 operations before
 taxes on income,
 equity in net
 earnings (loss)
 of affiliates and
 extraordinary
 items $(12,287) (7,655) (29,646) (29,315)
 Provision for
 (benefit from)
 taxes on income (3) 103 90 318
 Loss from continuing
 operations before
 equity in net
 earnings (loss) of
 affiliates and
 extraordinary
 items (12,284) (7,758) (29,736) (29,633)
 Equity in net
 earnings (loss)
 of affiliates 14 160 (1,026) 700
 Loss from continuing
 operations before
 extraordinary
 items (12,270) (7,598) (30,762) (28,933)
 Discontinued operations:
 Loss from operations -- -- -- (6,335)
 Gain from disposal
 of segments -- 15,364 -- 5,364
 -- 15,364 -- (971)
 Extraordinary items:
 Gain on early
 extinguishment of
 debt 22 -- 22 185
 Equity in
 extraordinary item
 of affiliate, net
 of taxes -- 23 81 117
 Net earnings
 (loss) $(12,248) 7,789 (30,659) (29,602)
 Weighted average
 number of common
 and common
 equivalent shares
 outstanding, in
 thousands of
 shares 93,428 93,428 93,428 93,428
 Primary and full
 diluted net
 earnings (loss)
 per share:
 From continuing
 operations $(.13) (.08) (.33) (.31)
 Discontinued
 operations -- .16 -- (.01)
 Extraordinary item -- -- -- --
 Net earnings
 (loss) $(.13) .08 (.33) (.32)
 (A) -- 1990 results restated to include the consolidation of APL
 Corporation.
 -0- 3/31/92
 /CONTACT: Charles Nolan, executive vice president of NVF Company, 305-866-7771/ CO: NVF Company ST: Florida IN: SU: ERN


JB-SS-AW -- FL002 -- 3288 03/31/92 09:52 EST
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Date:Mar 31, 1992
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