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O'BRIEN ENVIRONMENTAL ENERGY REPORTS SECOND QUARTER & SIX MONTHS RESULTS

O'BRIEN ENVIRONMENTAL ENERGY REPORTS SECOND QUARTER & SIX MONTHS RESULTS
 PHILADELPHIA, Feb. 13 /PRNewswire/ -- Energy project developer, O'Brien Environmental Energy (AMEX: OBS), today announced results for the fiscal 1992 second quarter and six months ended Dec. 31, 1991.
 Revenues for the quarter rose to $22,338,000 compared to $11,529,000 for the same period last year. The company reported a smaller loss for the quarter of $475,000 or three cents per share, versus a loss of $887,000 or seven cents per share in the second quarter of fiscal 1991. For the six months, the company reported net income of $849,000 or seven cents per share on revenues of $46,571,000 compared to a loss of $1,576,000 or 12 cents per share on revenue of $18,879,000 for the first half of fiscal 1991.
 "Our increased revenues reflect the growing impact and steadily improving operations of our cogeneration projects, particularly Parlin, N.J., which went on line in late June," said Joel Cooperman, chief financial officer. "The anticipated small second quarter loss was in line with our projections. It was the result of seasonal lower electric rates combined with winter fuel costs. This event is generally limited to our second quarter," he said.
 O'BRIEN ENVIRONMENTAL ENERGY, INC.
 Comparative Analysis (Unaudited)
 Periods ended Three months Six months
 Dec. 31 1991 1990 1991 1990
 Revenues $22,338,000 $11,529,000 $46,571,000 $18,879,000
 Net income (loss) (475,000) (887,000) 849,000 (1,576,000)
 Earnings (loss)
 per share (.03) (.07) .07 (.12)
 Shares outstg. 12,970,000 12,731,000 12,933,000 12,731,000
 -0- 2/13/92
 /CONTACT: Hal LeVay of Porter, LeVay & Rose, 212-564-4700, for O'Brien Environmental Energy/
 (OBS) CO: O'Brien Environmental Energy ST: Pennsylvania IN: OIL SU: ERN


JT-OS -- NY101 -- 9946 02/13/92 16:45 EST
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Publication:PR Newswire
Date:Feb 13, 1992
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