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PREMDOR REPORTS SECOND QUARTER 1993 RESULTS

 TORONTO, Aug. 3 /PRNewswire/ -- Premdor Inc. (NYSE: PI) of Toronto today announced its second quarter results for the period ending June 30, 1993.
 Sales for the first six months of 1993 were $255.5 million (U.S. $201.2 million), which is a 27 per cent increase over the comparative 1992 revenue of $201.7 million (U.S. $168.1 million). The company reported net income of $7.8 million (U.S. $6.1 million), or $0.24 (U.S. $0.19) per share for the first six months of 1993 compared to $2.9 million (U.S. $2.4 million), or $0.10 (U.S. $0.08) per share, reported for the corresponding period of 1992.
 Sales for the three months ended June 30, 1993 were $129.5 million (U.S. $101.2 million), a 20 per cent increase from the $107.9 million (U.S. $88.6 million) reported in the second quarter of 1992. Net income for the quarter was $4.6 million (U.S. $3.6 million), or $0.14 (U.S. $0.11) per share, as compared to $1.9 million (U.S. $1.6 million), or $0.06 (U.$. $0.05) per share, reported in the second quarter of 1992.
 Premdor Inc. is among the world's largest manufacturers and distributors of wood doors, steel doors and moldings for residential construction, home repair and renovation and commercial use.
 PREMDOR INC.
 1993 Highlights
 (Canadian dollars)
 Six months ended June 30, 1993 1992
 Net sales $255,542,000 $201,663,000
 Net income for the period 7,756,000 2,865,000
 Net income per share
 for the period 0.24 0.10
 Common shares outstanding
 as at June 30, 1993 32,548,572
 (U.S. dollars)
 Six months ended June 30, 1993 1992
 Net Sales $201,214,000 $168,053,000
 Net income for the period 6,107,000 2,387,000
 Net income per share
 for the period 0.19 0.08
 (Canadian dollars)
 Three months ended June 30, 1993 1992
 Net sales $129,537,000 $107,929,000
 Net income for the period 4,584,000 1,900,000
 Net income per share
 for the period 0.14 0.06
 (U.S. dollars)
 Three months ended June 30, 1993 1992
 Net sales $101,210,000 88,617,000
 Net income for the period 3,590,000 1,576,000
 Net income per share
 for the period 0.11 0.05
 (Canadian dollars)
 First Quarter three months
 ended March 31, 1993 1992
 Net sales $126,005,000 $93,734,000
 Net income for the period 3,172,000 957,000
 Net income per share
 for the period 0.10 0.04
 (U.S. dollars)
 First Quarter three months
 ended March 31, 1993 1992
 Net sales $100,004,000 $79,436,000
 Net income for the period 2,517,000 811,000
 Net income per share
 for the period 0.08 0.03
 -0- 8/3/93
 /CONTACT: Robert Tubbesing, vice president and chief financial officer of Premdor, Inc., 416-250-8933/
 (PI)


CO: Premdor Inc. ST: Ontario IN: SU: ERN

TM -- NY086 -- 9038 08/03/93 16:12 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
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