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PARADISE FRUIT ANNOUNCES 1991 EARNINGS AND DIVIDEND

 PARADISE FRUIT ANNOUNCES 1991 EARNINGS AND DIVIDEND
 PLANT CITY, Fla., March 16 /PRNewswire/ -- Paradise Fruit Company,


Inc. (NASDAQ: PARF) announced after-tax earnings for the year ended Dec. 31, 1991, of $128,938, or $.25 per share, as compared to $372,968, or $.72 per share, for the prior year.
 Sales were $18,959,100 for 1991, as compared to $20,314,781 for the prior year.
 The company's board of directors authorized the payment of a cash dividend of $.08 per share, payable on April 1, 1992, to shareholders of record as of the close of business on March 23, 1992.
 Paradise is one of the world's largest producers of glace (candied) fruit, a basic ingredient for fruitcakes and other confections. The company is also the only glace fruit producer with integrated production of molded plastic containers designed especially for the products. The plastics division, which also creates custom packaging for other industries, was responsible for approximately 23 percent of total sales.
 Management attributes the sales decline to poor economic conditions during the holiday selling season.
 -0- 3/16/92
 /CONTACT: Eugene L. Weiner, executive vice president of Paradise Fruit Company, Inc., 813-752-1155/
 (PARF) CO: Paradise Fruit Company, Inc. ST: Florida IN: FOD SU: ERN DIV


JJ-AW -- FL016 -- 8493 03/16/92 17:04 EST
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Publication:PR Newswire
Date:Mar 16, 1992
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