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TADIRAN'S 2ND QUARTER NET INCOME ROSE 25 PERCENT TO $10.5 MILLION

 HOLON, Israel, Aug. 16 /PRNewswire/ -- Net income of Tadiran Limited (NYSE: TAD) increased 25.1 percent to $10,537,000, or 54 cents per share, during 1993's second quarter, compared to net income of $8,424,000, or 48 cents per share, in the same period a year ago. Results during last year's second quarter included extraordinary income from tax benefits of $2,080,000 or 12 cents per share. Weighted average shares outstanding rose from 17.6 million last year to 19.6 million this year, reflecting the company's August 1992 initial public offering.
 On a pre-tax basis, Tadiran earned $14,690,000 during this year's second quarter, compared to $10,643,000 in the same period of 1992, an increase of 38 percent. Income from continuing operations during the June 1993 quarter increased 66.1 percent, to $10,537,000, or 54 cents per share, compared with $6,344,000, or 36 cents per share, in 1992.
 Sales for 1993's second quarter were $186,450,000, an 8.4 percent increase over 1992 sales of $171,930,000 for the comparable period. During the first six months of 1993, sales were $406,969,000, up 3.6 percent from last year's half-year sales of $392,843,000.
 Six-month income from continuing operations totaled $26,268,000, or $1.34 per share, in 1993, an increase of 24.4 percent from the $21,120,000, or $1.20 per share, reported for the comparable 1992 period. Pre-tax income increased 21.6 percent, to $37,374,000 for the 1993 period, from $30,730,000 for the 1992 period.
 Net income for the first six months of 1993 was $38,468,000, or $1.96 per share, including income of $12,200,000, or 62 cents per share, from a one-time tax benefit from the required adoption of the new FASB 109 accounting standard. During 1992's first half, net income of $39,079,000, or $2.22 per share, included income from discontinued operations and extraordinary income totaling $17,959,000 or $1.02 per share.
 Gurion Meltzer, Tadiran's president and chief executive officer, said that the company's results during 1993's first half were "solid and in line with expectations, as we continue to benefit from the strength of Tadiran's overall product line and an improved sales mix. We are also expanding our efforts to convert our military technologies to successful commercial applications."
 Mr. Meltzer also noted that Tadiran substantially increased worldwide marketing efforts and that the company experienced a significant increase in revenues from the SINCGARS project, the future tactical communications device of the U.S. Army.
 Commenting on Tadiran's financial position and decreased financial obligations, Mr. Meltzer pointed out that shareholders' equity increased 92.3 percent between June 30, 1992, and June 30, 1993, from $87.6 million to $168.4 million. It currently comprises 25.4 percent of total liabilities and shareholders' equity, compared with 14.6 percent a year ago.
 Tadiran designs, develops, manufactures and markets a wide range of sophisticated telecommunications equipment, defense electronic systems and computer software products, which are sold to customers in more than 50 countries. In addition, Tadiran is one of the largest manufacturers of air conditioners and refrigerators in Israel, and is a leading manufacturer of lithium thionyl chloride batteries. Tadiran Electronic Industries, Inc. is a U.S. subsidiary of Tadiran Limited.
 TADIRAN LIMITED
 FINANCIAL HIGHLIGHTS
 SUMMARY OF RESULTS OF OPERATIONS
 (Dollars in thousands except amounts per share)
 Second Quarter Six Months
 Ended June 30,
 1993 1992 1993 1992
 Sales and revenues $186,450 $171,930 $406,969 $392,843
 Gross profit $52,749 $48,069 $116,460 $106,668
 Operating income $18,964 $13,192 $43,532 $36,735
 Pre-tax income $14,690 $10,643 $37,374 $30,730
 Income from continuing
 operations $10,537 $6,344 $26,268 $21,120
 Income from discontinued
 operations --- --- --- 6,675
 Extraordinary income --- 2,080 --- 11,284
 Cumulative effect of change
 in accounting principle --- --- 12,200 ---
 Net income $10,537 $8,424 $38,468 $39,079
 Earnings per share
 Continuing operations $0.54 $0.36 $1.34 $1.20
 Discontinued operations --- --- --- 0.38
 Extraordinary income --- 0.12 --- 0.64
 Cumulative effect of change in
 accounting principle --- --- 0.62 ---
 $0.54 $0.48 $1.96 $2.22
 Weighted average shares
 outstanding 19,614,000 17,600,000 19,614,000 17,600,000
 -0- 8/16/93
 /CONTACT: Stuart Pearlman of Stuart Pearlman & Co., Inc., 212-370-4940, for Tadiran Limited/
 (TAD)


CO: Tadiran Limited ST: IN: TLS CPR SU: ERN

SM -- DE010 -- 2966 08/16/93 10:06 EDT
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Date:Aug 16, 1993
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