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STI GROUP REPORTS LOSS

 STI GROUP REPORTS LOSS
 STAMFORD, Conn., Aug. 14 /PRNewswire/ -- STI Group, Inc. (NYSE: SPG)


today reported a net loss for the second quarter of 1992 of $7.2 million, or $0.40 per share, compared to net income of $8.1 million, or $0.45 per share for the second quarter of 1991. The 1992 second quarter results includes a special charge of $7.0 million primarily related to provisions for environmental and workers compensation matters. Included in the results for 1991 is a gain of $8.5 million on the sale of its investment in Nichicon-Sprague Corporation.
 The company reported that net sales for the second quarter and the first six months of 1992 do not include net sales from its remaining electronic component operations which are classified as businesses held for sale. Investment income reported for the 1992 periods primarily reflects earnings from the investment of the proceeds from the sale of the company's tantalum capacitor and U.S. thick film businesses in February 1992.
 STI GROUP
 Financial Highlights
 (In millions, except per share amounts)
 Period ended Three months Six months
 June 30 1992 1991 1992 1991
 Net sales $ -- $74.1 $ -- $152.6
 Investment income 1.1 0.6 1.9 1.0
 Special charge 7.0 -- 7.0 --
 Operating income (loss) (7.0) 1.8 (7.0) 3.1
 Gain on sale of investment -- 8.5 -- 8.5
 Income (loss) before
 income taxes (7.0) 9.1 (8.1) 9.3
 Net income (loss) (7.2) 8.1 (8.3) 8.3
 Earnings (loss) per share (0.40) 0.45 (0.46) 0.46
 Average shares outstanding 18.0 18.0 18.0 18.0
 -0- 8/14/92
 /CONTACT: R. Kevin Matz of STI Group, 203-964-8628/
 (SPG) CO: STI Group, Inc. ST: Connecticut IN: CPR SU: ERN


LR-OS -- NY017 -- 9912 08/14/92 09:45 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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