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NVF COMPANY REPORTS RESULTS

 NVF COMPANY REPORTS RESULTS
 MIAMI, May 15 /PRNewswire/ -- NVF Company (PSE) reported results


for the quarter ended March 31, 1992.
 For the quarter ended March 31, 1992, the company reported net sales and operating revenues of $48.3 million and a net loss of $7.6 million ($.08 per share) compared with revenues of $52.7 million and a net loss of $7.2 million ($.08 per share) for the comparable period of 1991.
 Results for the quarter ended March 31, 1991 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
 March 31,
 1992 1991
 Restated (A)
 Net sales and operating revenues $ 48,309 52,726
 Loss from operations $ (1,395) (1,898)
 Loss before taxes on income, equity
 in net earnings (loss) of
 affiliates and extraordinary item $( 7,589) ( 6,442)
 Provision for taxes on income 33 43
 Loss before equity in net earnings
 (loss) of affiliates and
 extraordinary item (7,622) ( 6,485)
 Equity in net earnings (loss)
 of affiliates 7 (792)
 Loss before extraordinary item (7,615) (7,277)
 Extraordinary item:
 Equity in extraordinary item
 of affiliate, net of taxes -- 81
 Net loss $ (7,615) (7,196)
 Weighted average number of common
 and common equivalent shares
 outstanding, in thousands of shares 93,428 93,428
 Primary and fully diluted per share:
 Net loss before extraordinary item $(.08) (.08)
 Extraordinary item -- --
 Net loss $(.08) (.08)
 (A) -- 1991 results restated to include the consolidation of APL Corporation.
 -0- 5/15/92
 /CONTACT: Charles Nolan, executive vice president of NVF Company, 305-866-7771/ CO: NVF Company ST: Florida IN: SU: ERN


AW-JJ -- FL027 -- 1013 05/15/92 18:03 EDT
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Publication:PR Newswire
Date:May 15, 1992
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