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PROVENA FOODS INC. REPORTS FOURTH QUARTER AND FULL-YEAR RESULTS

 CHINO, Calif., Feb. 3 /PRNewswire/ -- Provena Foods (AMEX: PZA) today reported fourth quarter and full-year results.
 PROVENA FOODS INC.
 Condensed Statement of Operations
 (Unaudited)
 Three Months Ended 12 Months Ended
 Dec. 31, Dec. 31,
 1992 1991 1992 1991
 Net sales $5,293,122 6,698,009 22,569,727 30,079,786
 Cost of
 sales 4,742,589 6,462,986 20,742,898 27,505,155
 Gross
 profit 550,533 235,023 1,826,829 2,574,631
 Operating
 expenses:
 Distribution 177,258 152,248 689,920 676,783
 General and
 administra-
 tive 329,018 345,388 1,294,020 1,303,590
 Operating
 income (loss) 44,257 (262,613) (157,111) 594,258
 Interest
 income
 (expense), net 843 (21,100) (6,518) (163,362)
 Other income,
 net 21,975 20,715 79,933 64,879
 Earnings (loss)
 from continuing
 operations
 before
 income taxes 67,075 (262,998) (83,696) 495,775
 Income tax
 expense
 (benefit) 28,560 (121,602) (23,200) 181,329
 Earnings (loss)
 from continuing
 operations 38,515 (141,396) (60,496) 314,446
 Earnings from
 discontinued
 operations,
 net of income
 taxes --- 473,839 --- 475,732
 Net earnings
 (loss) $38,515 332,443 (60,496) 790,178
 Earnings (loss)
 per share:
 From continuing
 operations $.01 (.05) (.02) .12
 From dis-
 continued
 operations --- .18 --- .18
 Total earnings
 (loss) per
 share $.01 .13 (.02) .30
 Weighted
 average
 number of
 shares
 outstanding 2,637,738 2,610,778 2,628,376 2,597,980
 -0- 2/3/93
 /CONTACT: John D. Determan, chairman of the board of Provena Foods, 714-627-1082/
 (PZA)


CO: Provena Foods Inc. ST: California IN: FOD SU: ERN

EH-KJ -- LA002 -- 2235 02/03/93 08:55 EST
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Publication:PR Newswire
Date:Feb 3, 1993
Words:281
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