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SUNAIR ELECTRONICS ANNOUNCES RESULTS

 SUNAIR ELECTRONICS ANNOUNCES RESULTS
 FORT LAUDERDALE, Fla., Nov. 11 /PRNewswire/ -- Robert Uricho,


president of Sunair Electronics, Inc. (NASDAQ-NMS: SNRU) today announced the results for the fiscal year and quarter ended Sept. 30, 1991.
 SUNAIR ELECTRONICS, INC. & SUBSIDIARY
 CONSOLIDATED SUMMARY OF INCOME FOR THE QUARTER AND
 YEAR ENDED SEPT. 30, 1991 (AUDITED)
 TWELVE MONTHS THREE MONTHS
 1991 1990 1991 1990
 Revenues $4,731,682 $4,269,077 $1,190,353 $1,031,803
 Income (Loss)
 Before Extraordinary
 Item (A) ($332,158) ($560,608) ($307,289) ($813,743)
 Extraordinary
 Item 171,992 -- -- --
 Net Income
 (Loss) ($160,166) ($560,608) ($307,289) ($813,743)
 Earnings (Loss)
 Per Common Share:
 Income (Loss) Before
 Extraordinary
 Item ($0.08) ($0.14) ($0.08) ($0.21)
 Extraordinary
 Item (B) 0.04 -- -- --
 Net Earnings
 (Loss)
 Per Share ($0.04) ($0.14) ($0.08) ($0.21)
 (A) -- Reflects obsolescence charge to cost of sales in the amount of $1,013,000 for fiscal year ended Sept. 30, 1990, and $426,000 for the fiscal year ended Sept. 30, 1991, to reduce inventory to market resulting from new equipment designs.
 (B) -- Deferred income tax recognized as income due to net operating loss carryforward.
 -0- 11/11/91
 /CONTACT: Robert Uricho Jr. of Sunair Electronics, Inc., 305-525-1505/
 (SNRU) CO: Sunair Electronics, Inc. ST: Florida IN: SU: ERN MR-SS -- FL003 -- 2954 11/11/91 10:27 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 11, 1991
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