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NYTEST ENVIRONMENTAL REPORTS SECOND QUARTER/SIX MONTHS RESULTS

 NYTEST ENVIRONMENTAL REPORTS SECOND QUARTER/SIX MONTHS RESULTS
 PORT WASHINGTON, N.Y., Aug. 6 /PRNewswire/ -- Nytest Environmental Inc. (NASDAQ: NYTS), a leading provider of specialized analytical services for the accurate measurement and safe management of hazardous wastes, today reported results for the second quarter and six months ended June 30, 1992.
 Second quarter net loss was $21,894, or less than one cent per share, on revenues of $2,279,987, compared to net income of $101,717, or two cents per share, on revenues of $1,674,736 for the same period last year.
 Six-months net income was $131,683, or two cents per share, on revenues of $4,567,716 versus net income of $211,609, or four cents per share, on revenues of $3,272,688 for the first half of 1991.
 "The second quarter loss was produced by increased operating expenses incurred to meet the demands of our continuing growth and unanticipated costs related to a major project," John Gaspari, president, said.
 "We are prudently investing in attracting and training the highly qualified personnel necessary to support our growth and maintain Nytest's reputation for dependable, timely, quality testing," he added.
 "We achieved strong revenue gains through the first half of 1992, and a continuation of that trend in July, together with cost containment programs, leads us to believe the company will return to profitability in the third quarter," Gaspari concluded.
 NYTEST ENVIRONMENTAL, INC.
 Financial Highlights (Unuaudited)
 Period ended Three months Six months
 June 30 1992 1991 1992 1991
 Revenues $2,279,987 $1,674,736 $4,567,716 $3,272,688
 Income (loss)
 before taxes (37,644) 148,217 226,415 309,109
 Provision (benefit)
 for taxes (15,750) 46,500 94,732 97,500
 Net income (loss) (21,894) 101,717 131,683 211,609
 Earnings (loss) per share -- $.02 $.02 $.04
 Average shares
 outstanding 6,967,129 5,774,587 6,958,839 5,728,377
 -0- 8/6/92
 /CONTACT: John Gaspari of Nytest Environmental, 516-625-5500/
 (NYTS) CO: Nytest Environmental, Inc. ST: New York IN: SU: ERN


SM-OS -- NY021 -- 7462 08/06/92 09:40 EDT
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Publication:PR Newswire
Date:Aug 6, 1992
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