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PRIVATE BRANDS REPORTS FISCAL 1991 EARNINGS & PAYMENT OF DIVIDENDS

 PRIVATE BRANDS REPORTS FISCAL 1991 EARNINGS & PAYMENT OF DIVIDENDS
 BROOKLYN, N.Y., Jan. 31 /PRNewswire/ -- Private Brands, Inc. (NASDAQ: PRIBU), a leading designer and manufacturer of knitted contemporary leisure wear and, through its Bali subsidiary, of gold jewelry products, today reported sales and earnings for the fiscal year ended Sept. 30, 1991.
 PRIVATE BRANDS, INC.
 (In thousands)
 1991 1990
 Total sales $25,614 $26,954
 Income (loss) before taxes (5,526) 3
 Net (loss) income
 before minority interests (4,638) (25)
 Net (loss) income
 after minority interests (3,622) 4
 Dividends on preferred stock 331 331
 Net (loss) income per share
 of common stock
 after minority interests (.43) (.04)
 Average number of
 shares outstanding 8,365,190 8,365,190
 The board also voted the regular cash dividend of $.08 per share on its preferred stock payable on Feb. 7, 1992 to holders of record on Jan. 22, 1992.
 -0- 1/31/92
 /CONTACT: Aaron J. Gross of Private Brands, 718-237-0472/
 (PRIBU) CO: Private Brands, Inc. ST: New York IN: TEX SU: ERN DIV


JT -- NY065 -- 5780 01/31/92 16:44 EST
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Publication:PR Newswire
Date:Jan 31, 1992
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