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SYNTHETECH POSTS 215-PERCENT PROFIT INCREASE FOR QUARTER

 SYNTHETECH POSTS 215-PERCENT PROFIT INCREASE FOR QUARTER
 ALBANY, Ore., Aug. 6 /PRNewswire/ -- Synthetech Inc. (NASDAQ: NZYM) today announced a profit of $237,000 ($0.019 per share) for its fiscal first quarter ended June 30, 1992, a 215-percent increase compared to a profit of $66,000 ($0.006 per share) in the same period last year. First quarter revenues of $810,000 were a 75-percent increase over the $463,000 posted in the same quarter last year.
 First Quarter
 Period Ended June 30: 1992 1991
 Revenue $810,000 $463,000
 Earnings $237,000 $ 66,000
 Per share $ 0.02 $ 0.01
 For the trailing 12-month period ended June 30, 1992, a profit of $671,000 ($0.054 per share) was achieved on revenues of $2,580,000 compared to a profit of $291,000 ($0.027 per share) on revenues of $1,973,000 for the trailing 12-month period ended June 30, 1991. Synthetech has paid no income tax to date due to available tax operating loss carryfowards.
 Paul C. Ahrens, president and chief executive officer, noted that, "Due to the nature of drug development timing, we expect to see quarter- to-quarter 'lumpiness' in revenues and earnings." He continued, "Twelve percent of peptide building block sales were to overseas customers. Although three customers accounted for 50 percent of this quarter's revenue, we have added new customers and products in every quarter for the past three years."
 Synthetech's peptide building blocks are being used by drug companies to make a wide range of peptide-based drugs presently being developed for treatment of AIDS, cancer, cardiovascular disease and other diseases.
 -0- 8/6/92
 /CONTACT: Paul Ahrens or Charlie Williams of Synthetech, 503-967-6575/
 (NZYM) CO: Synthetech Inc. ST: Washington IN: MTC SU: ERN


LM -- SE003 -- 7391 08/06/92 08:04 EDT
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Date:Aug 6, 1992
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