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THE AMERICAN PACIFIC MINT INC. ANNOUNCES IMPROVED FIRST QUARTER RESULTS

 THE AMERICAN PACIFIC MINT INC. ANNOUNCES
 IMPROVED FIRST QUARTER RESULTS
 DALLAS, April 20 /PRNewswire/ -- The American Pacific Mint Inc. (AMEX: DLS.EC) announced improved first quarter 1992 operating results. For the first quarter of 1992 sales declined (reflecting the disposal of the company's interest in Alaska Precious Metals Ltd. in February of 1991) from $6,970,400 in the prior year to $2,698,871. The company's net loss declined for the same period from $87,082 to $37,121.
 The company noted that this quarter will be the last quarterly period in which comparative results will include any impact from the discontinued interest in the formerly owned operating business of Alaska Precious Metals Ltd. Management further noted that despite the fact that the first fiscal quarter is typically the weakest operating quarter of the year, profit margins continued to expand reflecting an increased emphasis on higher margin jewelry sales. Management said that it expects the trend in margins to continue and that full fiscal year sales and earnings will enjoy continued improvement.
 AMERICAN PACIFIC MINT INC. AND SUBSIDIARIES
 Condensed Consolidated Statements of Operations
 (Unaudited)
 Three Months Ended
 March 31,
 1992 1991
 Revenues:
 Sales $2,680,324 $6,960,358
 Pawn service fees 12,616 10,042
 Interest income 5,281 ---
 Other income 650 ---
 Total 2,698,871 6,970,400
 Cost and expenses:
 Cost of sales
 (exclusive of
 items shown
 separately
 below) 2,337,225 6,395,195
 General and
 administrative
 expenses 349,782 591,272
 Depreciation and
 amortization 27,121 30,740
 Interest expense 21,864 27,783
 Equity in net
 loss of
 unconsolidated
 subsidiary --- 22,100
 Minority interest
 in earnings of
 subsidiary --- (9,608)
 Total costs
 and expenses 2,735,992 7,057,482
 Net loss ($37,121) ($87,082)
 Loss per share of
 common stock ($.01) ($.02)
 -0- 4/20/92
 /CONTACT: William Oyster, president of The American Pacific Mint, 800-527-5307/
 (DLS) CO: The American Pacific Mint Inc. ST: Texas, California IN: SU: ERN


AL-JL -- LA023 -- 0203 04/20/92 16:03 EDT
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Publication:PR Newswire
Date:Apr 20, 1992
Words:337
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