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NYTEST ENVIRONMENTAL INC. REPORTS THIRD QUARTER/NINE MONTHS RESULTS

 /repeating to correct garble in chart/
 PORT WASHINGTON, N.Y., Nov. 12 /PRNewswire/ -- Nytest Environmental Inc. (NASDAQ: NYTS), a leading provider of specialized analytical services for the accurate measurement of hazardous wastes, today reported results for the third quarter and nine months ended Sept. 30, 1993.
 Third quarter profits were $71,382 on revenues of $1,938,603 compared to profits of $171,025 on revenues of $2,213,731 for the same period last year. Nine months net income was $41,770 on revenues of $5,621,357 vs. net income of $302,708 on revenues of $6,781,447 for the first nine months of 1992.
 Revenues decreased during the first nine months in 1993, as compared to the same period in 1992, due primarily to the non-recurrence of specialized contracts. These contracts included work that could not be performed at the company's facility and were subcontracted to outside facilities. There continued to be soft market conditions for environmental analysis due to the slow economic recovery and uncertain regulatory environment. NEI continued to evaluate and lower its cost structure, while maintaining staff and marketing activities necessary for future growth. Management is optimistic that demand for environmental services will increase as economic conditions improve.
 NYTEST ENVIRONMENTAL INC.
 For the periods ended Three months Nine months
 Sept. 30, 1993 1992 1993 1992
 Revenues $1,938,603 $2,213,731 $5,621,357 $6,781,447
 Pre-tax income 124,021 294,060 74,095 520,475
 Provision for
 income taxes 52,639 123,035 32,325 217,767
 Net income 71,382 171,025 41,770 302,708
 Earns. per share .01 .02 .01 .04
 Average Shares
 Outstanding
 Primary 6,787,703 6,960,100 6,842,265 6,957,178
 Fully diluted 6,787,703 7,011,220 6,842,265 7,011,220
 -0- 11/12/93 R
 /CONTACT: John Gaspari, president of Nytest Environmental, 516-625-5500/
 (NYTS)


CO: Nytest Environmental Inc. ST: New York IN: ENV SU: ERN

GK -- NY018R -- 3568 11/12/93 09:55 EST
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Publication:PR Newswire
Date:Nov 12, 1993
Words:338
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