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QMC TECHNOLOGIES ANNOUNCES SECOND QUARTER FISCAL 1993 FINANCIAL RESULTS

 NEW ULM, Minn., Feb. 15 /PRNewswire/ -- QMC Technologies, Inc. reported net sales and a net income for the second quarter and for the six month period of fiscal 1993. Net sales in the second quarter and for the six month period of fiscal 1993 were $1,803,600 and $3,628,300, respectively. This compares to net sales of $1,764,200 and $3,570,000 for the same periods in fiscal 1992. Net income for the second quarter and for the six month period were $74,400 and $103,800, respectively. This compares to net income of $133,600 and $181,200 for the same period in fiscal 1992. The decrease in net income was primarily due to extraordinary gain from debt restructuring and reorganization recognized in fiscal 1992 that have not recurred in fiscal 1993.
 QMC Technologies, Inc, a public company, designs, manufactures and markets custom AC and DC motors, amplifiers and system applications for the motion control industry.
 QMC TECHNOLOGIES, INC.
 Condensed Statement of Operations
 (Unaudited)
 Three Months Ended Six Months Ended
 12/31/92 12/31/91 12/31/92 12/31/91
 Net sales $1,803,600 $1,764,200 $3,628,300 $3,570,000
 Cost of sales
 & expenses 1,728,900 1,693,700 3,524,100 3,469,300
 Income before
 extraordinary gain
 and income tax expenses 74,700 70,500 104,200 100,700
 Income tax (expense) (8,300) 0 (8,300) 0
 Extraordinary gain items 8,000 63,100 7,900 80,500
 Net income $74,400 $133,600 $103,800 $181,200
 Net income per share $.00 $.01 $.01 $.01
 Weighted average shares
 outstanding 18,995,825 18,995,825 18,995,825 18,995,825
 -0- 2/15/93
 /CONTACT: Brett D. Reese of QMC Technologies, 507-354-3105/


CO: QMC Technologies, Inc. ST: Minnesota IN: CPR SU: ERN

DS -- MN003 -- 6524 02/15/93 11:23 EST
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Publication:PR Newswire
Date:Feb 15, 1993
Words:318
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