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NYCOR REPORTS RESULTS

 NYCOR REPORTS RESULTS
 BASKING RIDGE, N.J., April 20 /PRNewswire/ -- NYCOR, Inc.


(NASDAQ: NYCOA) today reported that interest and other income for the first quarter of 1992 ended March 31 increased 39 percent to $2,284,800 from $1,643,000 a year ago. Net income increased 51 percent to $1,733,000, compared with $1,144,000 in the first quarter of the prior year. Earnings per share doubled in the 1992 quarter, after payment of preferred stock dividends, to 18 cents per share from 9 cents per share one year earlier.
 Pending acquisition of manufacturing operations, NYCOR revenues are comprised primarily of interest income.
 Stockholders' equity per share totaled $7.95, fully diluted, at March 31, 1992. NYCOR has no debt, and at March 31 the balance sheet included cash, notes receivable and marketable securities totaling $74.0 million.
 NYCOR, Inc.
 (Amounts in Thousands, Except Per Share Data)
 Quarter ended March 31: 1992 1991
 Interest and other income $2,284 $1,643
 Net income $1,733 $1,144
 Net income per share $ 0.18 $ 0.09
 Weighted average shares 6,890 7,042
 Balance Sheet Highlights
 at March 31, 1992
 (millions)
 Cash, notes receivable and
 marketable securities $ 74.0
 Total debt ---
 Stockholders' equity $ 75.0
 Stockholders' equity per share
 (fully diluted) $ 7.95
 -0- 4/20/92
 /NOTE TO EDITOR: Please be advised that the correct presentation of the NYCOR name is in all capital letters -- NYCOR, Inc./
 /CONTACT: Barbara VanBlarcum of NYCOR, 908-953-8200/
 (NYCOA) CO: NYCOR Inc. ST: New York IN: SU: ERN


SH -- NY038 -- 9994 04/20/92 11:13 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 20, 1992
Words:265
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