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REDLAW INDUSTRIES INC. REPORTS EARNINGS

 BRANTFORD, Ontario, Aug. 13 /PRNewswire/ -- The financial results of Redlaw Industries Inc. (NYSE: RDL) of Brantford, for the first nine months of fiscal 1993 ended June 30, 1993 were today released by the company. These results incorporate on a consolidated basis the results of GRM Industries, Inc. for its first nine months of fiscal 1993 ended April 30, 1993 and include Redlaw's equity share in the results of Johnston Industries, Inc. for its first nine months of fiscal 1993 ended March 31, 1993. All dollars quoted are Canadian.
 Sales for the first nine months were $35,162,000 compared to $31,885,000 for the same nine months of the previous year.
 The loss for the first nine months was $176,000 or 5 cents per share compared to last year's first nine months of $4,737,000 or $1.35 per share.
 Third quarter sales this year were $12,986,000 compared to last year's third quarter sales of $11,268,000.
 Income for the third quarter this year was $401,000 or 12 cents per share compared to last year's third quarter loss of $936,000 or 27 cents per share.
 -0- 8/13/93
 /CONTACT: Mr. Bev Lanning, secretary-treasurer of Redlaw Industries, 519-751-1691/
 (RDL)


CO: Redlaw Industries Inc. ST: IN: SU: ERN

TS -- NY065 -- 2645 08/13/93 15:15 EDT
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Publication:PR Newswire
Date:Aug 13, 1993
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