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REDLAW INDUSTRIES REPORTS RESULTS

 REDLAW INDUSTRIES REPORTS RESULTS
 BRANTFORD, Ontario, May 15 /PRNewswire/ -- The financial results of


Redlaw Industries Inc. (AMEX: RDL) of Brantford, for the first six months of fiscal 1992 ended March 31, 1992 were today released by the company. These results incorporate on a consolidated basis the results of GRM Industries, Inc. for its first six months of fiscal 1992 ended Jan. 31, 1992 and include Redlaw's equity share in the results of Johnston Industries, Inc. for its first six months of fiscal 1992 ended Dec. 31, 1991. All dollars quoted are Canadian.
 Sales for the first six months were $20,617,000 compared to $30,823,000 for the same six months of the previous year.
 The loss for the first six months was $3,801,000 or $1.08 per share compared to last year's first six month's loss of $3,116,000 or $2.00 per share.
 Weighted average common shares outstanding at March 31, 1992 were 3,512,300 compared to 1,561,013 at March 31, 1991.
 Second quarter sales this year were $8,784,000 compared to last year's second quarter sales of $12,437,000.
 The loss for the second quarter this year was $1,742,000 or 49 cents per share compared to last year's second quarter loss of $2,051,000 or $1.32 per share.
 -0- 5/15/92
 /CONTACT: Bev Lanning of Redlaw Industries, 519-751-1691/
 (RDL) CO: Redlaw Industries Inc. ST: Ontario IN: AUT SU: ERN


LR -- NY049 -- 0696 05/15/92 11:18 EDT
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Publication:PR Newswire
Date:May 15, 1992
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