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TECHNE CORPORATION RELEASES UNAUDITED SECOND QUARTER OPERATING RESULTS FOR FISCAL YEAR 1993

 MINNEAPOLIS, Feb. 1 /PRNewswire/ -- For the three months ended Dec. 31, 1992, Techne's (NASDAQ: TECH) consolidated revenues were $6,865,681, net income after provision for income taxes was $1,004,201 and earnings per share were 11 cents. Compared to the second quarter of FY92 revenues increased by $1,975,602 (40 percent) and earnings after tax increased by $707,473 (238 percent). The increase in revenues and earnings was the result of increased sales in both Techne's R & D Systems Biotechnology and Hematology Divisions.
 For the six months ended Dec. 31, 1992, Techne had after tax-income of $1,944,399 on revenues of $13,208,241 and earnings per share of 21 cents. Compared to the first six months of FY92 revenues increased $3,093,212 (31 percent) and earnings after tax increased $1,817,897 (1,437 percent). Sales and net earnings for FY92 include the operations of Techne's former subsidiary, Hycel S.A. prior to its sale on Oct. 1, 1991, the one-time loss recorded on the sale of $307,000 and income taxes on the sale of $94,000. Revenues for Techne's R & D Systems subsidiary increased $4,259,583 (48 percent) and earnings after tax increased $1,385,087 (195 percent) from the first six months of FY92 as a result of increased sales in both its Biotechnology and Hematology Divisions.
 Techne Corporation has one operating subsidiary: Research and Diagnostic Systems (R & D Systems) of Minneapolis. R & D Systems is a specialty manufacturer of biological products.
 TECHNE CORPORATION
 Selected Financial Highlights
 (Unaudited)
 Second Quarter Ended
 12/31/92 12/31/91
 Revenues $6,865,681 $4,890,080
 Percent change 40 --
 Earnings before tax 1,477,201 460,728
 Tax provision 473,000 164,000
 Net income 1,004,201 296,728
 Percent change 238 --
 Net/share $.11 $.03
 Weighted average shares 9,404,859 9,237,450
 Six Months Ended
 12/31/92 12/31/91
 Revenues $13,208,241 $10,115,029
 Percent change 31 --
 Earnings before tax 2,853,399 511,502
 Tax provision 909,000 385,000
 Net income 1,944,399 126,502
 Percent change 1,437 --
 Net/share $.21 $.01
 Weighted average shares 9,339,745 9,121,418
 -0- 2/1/93
 /CONTACT: Lea Simoane of Techne, 612-379-8854/
 (TECH)


CO: Techne Corporation ST: Minnesota IN: SU: ERN

KH -- MN006 -- 1299 02/01/93 11:00 EST
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Date:Feb 1, 1993
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