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PULASKI FURNITURE REPORTS RESULTS, ANNOUNCES THE ELECTION OF THREE DIRECTORS TO CLASS III AND DECLARES DIVIDEND

 PULASKI, Va., Feb. 12 /PRNewswire/ -- Pulaski Furniture Corporation (NASDAQ-NMS: PLFC) of Pulaski, Va., today reported operating results for the first quarter of its current fiscal year and compared them with the like period of 1992 as follows:
 PULASKI FURNITURE CORPORATION
 Operating Results
 First quarter ended
 Jan. 24, 1993 Jan. 26, 1992
 Net sales $ 29,593,130 $28,264,345
 Income before income taxes 1,105,228 314,369
 Net income 723,703 214,714
 Earnings per share $ 0.25 $ 0.08
 The increase in sales and earnings is due primarily to a return to a better mix of production and shipments. Fewer units were shipped at promotional prices in the 1993 fiscal quarter, resulting in higher margins.
 At the annual stockholders meeting, the stockholders elected three directors to Class III as proposed in the proxy statement.
 The board of directors, at its Feb. 12, 1993 meeting, elected John G. Wampler, executive vice president, and Mark C. Porter, vice president, information systems. At the same meeting the board of directors declared a dividend of 13 cents per common share payable on March 15, 1993 to stockholders of record on March 1, 1993.
 -0- 2/12/93
 /CONTACT: Bernard C. Wampler, president of Pulaski Furniture Corporation, 703-980-7330/
 (PLFC)


CO: Pulaski Furniture Corporation ST: Virginia IN: HOU SU: ERN

SH-WB -- NY020 -- 6120 02/12/93 11:32 EST
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Publication:PR Newswire
Date:Feb 12, 1993
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