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TERRA INDUSTRIES REPORTS JULY REVENUES UP 25 PERCENT

 SIOUX CITY, Iowa, Aug. 6 /PRNewswire/ -- Terra Industries Inc. (NYSE: TRA) today announced July revenues increased 25 percent to $113.5 million in 1993 from $90.6 million in July of last year. About $5.0 million of the increase is due to revenues from the Canadian manufacturing operation and farm distribution outlets acquired in April. Without this acquisition, July revenues were up 20 percent to $108.5 million.
 President and CEO, Burton M. Joyce, said, "We're pleased with July sales results. This year has brought some of the most difficult operating conditions over the widest part of our markets that we've seen in years. Given the extensive, adverse weather problems, Terra has performed very well."
 July revenues from Terra's distribution operations increased 22 percent to $102.0 million from $83.3 million during the comparable period last year. The two wholly owned Canadian farm service centers reported July revenues of $1.6 million.
 Manufactured fertilizer revenues for July increased 65 percent to $12.3 million from $7.4 million in the same period last year. Without the contribution from the acquisition, manufactured fertilizer revenues were $8.6 million, a 16 percent increase over the same period last year.
 Year-to-date revenues totaled $933.9 million, a 7 percent increase from the $874.2 million reported a year ago. The Canadian acquisition contributed $45.7 million to year-to-date revenues.
 Terra Industries Inc., with 1992 revenues over $1 billion, is a leading marketer and producer of fertilizer, crop protection products, seed and services for agriculture.
 TERRA INDUSTRIES INC.
 REVENUE
 July, 1993
 (in millions)
 Month Year-to-date
 1993 1992 1993 1992
 Distribution $102.0 $ 83.3 $812.2 $796.5
 Manufactured fertilizer 12.3 7.4 132.7 81.0
 Other, net of intercompany
 eliminations (0.8) (0.1) (11.0) (3.3)
 Total Revenue $113.5 $ 90.6 $933.9 $874.2
 -0- 8/6/93
 /CONTACT: Paula Norton of Terra Industries, 712-277-5438/
 (TRA)


CO: Terra Industries Inc. ST: Iowa IN: AGR SU: ERN

AL -- MN002 -- 0203 08/06/93 09:25 EDT
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Publication:PR Newswire
Date:Aug 6, 1993
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