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PROVENA FOODS REPORTS THIRD QUARTER RESULTS

 PROVENA FOODS REPORTS THIRD QUARTER RESULTS
 CHINO, Calif., Oct. 20 /PRNewswire/ -- Provena Foods Inc.


(AMEX: PZA) reports its third quarter results as follows:
 PROVENA FOODS INC.
 Condensed Statement of Operations
 (Unaudited)
 Three Months Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1992 1991 1992 1991
 Net sales $5,104,035 7,593,158 17,276,605 23,381,777
 Cost of sales 4,785,630 7,038,770 16,000,309 21,042,169
 Gross profit 318,405 554,388 1,276,296 2,339,608
 Operating expenses:
 Distribution 179,977 157,357 512,662 524,535
 General and
 administrative 323,821 320,253 965,002 958,202
 Operating income
 (loss) (185,393) 76,778 (201,368) 856,871
 Interest income
 (expense), net 3,855 (46,022) (7,360) (142,262)
 Other income, net 19,813 11,612 57,958 44,164
 Earnings (loss) from
 continuing
 operations before
 income taxes (161,725) 42,368 (150,770) 758,773
 Income tax expense
 (benefit) (61,786) 14,062 (51,760) 302,931
 Earnings (loss)
 from continuing
 operations (99,939) 28,306 (99,010) 455,842
 Discontinued
 operations:
 Earnings (loss)
 from discontinued
 operations, net of
 applicable income
 taxes --- (5,176) --- 1,893
 Net earnings
 (loss) ($99,939) 23,130 (99,010) 457,735
 Earnings per share ($.04) $.01 (.04) .18
 Weighted average
 number of shares
 outstanding 2,631,907 2,601,032 2,625,209 2,593,667
 Pasta sales increased, but meat sales declined vs. prior periods. Average weekly meat sales hit a low in July but increased during the third quarter. The meat division and the company lost money in the third quarter which offset its profits for the first half and resulted in a loss for the first nine months, but the pasta division was profitable. The company will pay its regular quarterly dividend of 4 cents per share payable Dec. 31, 1992, to shareholders of record Dec. 10, 1992.
 -0- 10/20/92
 /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


LS-JL -- LA005 -- 2079 10/20/92 09:52 EDT
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Date:Oct 20, 1992
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