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NVF COMPANY REPORTS RESULTS

 MIAMI, Nov. 16 ~PRNewswire~ -- NVF Company reported resulted for the nine months and quarter ended Sept. 30, 1992.
 For the nine months ended Sept. 30, 1992 NVF reported net sales and operating revenues of $127.6 million and a net loss of $26.5 million ($.28 per share) compared with revenue of $158.6 million and a net loss of $18.4 million ($.20 per share) for the comparable period of 1991.
 For the quarter ended Sept. 30, 1992, the company reported net sales and operating revenues of $38.4 million and a net loss of $11.5 million ($.12) per share compared with revenues of $54.4 million and a net loss of $5.7 million ($.06 per share) for the comparable period of 1991.
 NVF COMPANY
 Summary of Consolidated Operating Results
 (In thousands except per share amounts)
 Three Months Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1992 1991 1992 1991
 Net sales and
 operating
 revenues $ 38,374 54,395 127,648 158,564
 Loss from
 operations $ (6,196) (2,438) (10,371) (5,284)
 Loss from
 operations
 before taxes on
 income, equity in
 net earnings (loss)
 of affiliates and
 extraordinary
 items $ (11,488) (5,946) (26,456) (17,359)
 Provision for
 taxes on income 1 20 51 93
 Loss from operations
 before equity in net
 earnings (loss) of
 affiliates and
 extraordinary
 items (11,489) (5,966) (26,507) (17,452)
 Equity in net earnings
 (loss) of affiliates 7 238 43 (1,040)
 Loss from operations
 before extraordinary
 items (11,482) (5,728) (26,464) (18,492)
 Extraordinary items:
 Equity in extraordinary
 item of affiliate, net
 of taxes --- --- --- 81
 Net loss $(11,482) (5,728) (26,464) (18,411)
 Weighted average
 number of common
 and common equivalent
 shares outstanding,
 in thousands of
 shares 93,271 93,428 93,271 93,428
 Primary and fully
 diluted net loss
 per share:
 From operations $ (.12) (.06) (.28) (.20)
 -0- 11~16~92
 ~CONTACT: Charles Nolan, executive vice president of NVF Company, 305-866-7771~


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

JB-AW -- FL021 -- 1560 11~16~92 18:03 EST
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Publication:PR Newswire
Date:Nov 16, 1992
Words:348
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