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SUPREMA SPECIALTIES ANNOUNCES FIRST QUARTER RESULTS

 PATERSON, N.J., Nov. 19 ~PRNewswire~ -- Suprema Specialties, Inc. (NASDAQ: CHEZ) today reported record first quarter sales for the three month period ended Sept. 30, 1992. Net sales for the quarter were $6,422,746 as compared with $4,376,270 for the prior year, an increase of 46.8 percent. Net earnings for the quarter were $68,987 or $.03 per share as compared with $18,328 or $.01 per share for the comparable quarter in the prior year. "We are placing a major emphasis on quality growth" states Mark Cocchiola, Suprema president. "We continue to attract and retain new customers by providing unique, high quality products for both the retail and food service industries."
 "While the company is achieving quality growth" states Cocchiola, "we are striving to maintain our margins through efficient manufacturing and processing operations. Our West Coast manufacturing operation is contributing to lower product costs."
 Suprema manufactures, processes and markets a variety of premium gourmet natural cheese products, primarily using fine quality cheese imported from Italy and Argentina, supplemented by high quality domestic cheeses. The Paterson, N.J., company sells its products to supermarkets and other retail customers, food service industry distributors and food manufacturers.
 -0- 11~19~92
 ~CONTACT: Mark Cocchiola or Michael A. Flower of Suprema Specialties, Inc., 201-684-2900~
 (CHEZ)


CO: Suprema Specialties, Inc. ST: New Jersey IN: FOD SU: ERN

KD-AH -- NY063 -- 2884 11~19~92 12:23 EST
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Publication:PR Newswire
Date:Nov 19, 1992
Words:236
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