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UNITED-GUARDIAN REPORTS FISCAL YEAR 1992 EARNINGS

 HAUPPAUGE, N.Y., March 31 /PRNewswire/ -- United-Guardian, Inc. (AMEX: UG), today reported net earnings for the fiscal year ended Dec. 31, 1992, of $569,364 or $.12 per share, compared to $458,782 or $.10 per share for the fiscal (ten-month) period ended Dec. 31, 1991 (United-Guardian changed its fiscal year-end from February to December in 1991).
 Dr. Alfred R. Globus, chairman and chief executive officer, stated: "This is the second year in succession that our operations have been profitable. This is the result of increases in sales of many of our products, such as a 32 percent increase in sales of our Renacidin Irrigation, our recently approved drug for dissolving certain kinds of kidney stones, and steady increases in the cosmetic sales of our Lubrajel product line. We expect sales of these and our other products to continue to increase in the current fiscal year."
 United-Guardian is a manufacturer of pharmaceuticals, cosmetics, health care products, and medical devices.
 UNITED-GUARDIAN, INC.
 Results for the Fiscal Year Ended Dec. 31, 1992,
 and the Ten Months Ended Dec. 31, 1991
 1992 1991
 (12 months) (10 months)
 Revenue $6,296,030 $5,008,823
 Operating profit 683,077 586,689
 Earnings from continuing operations (A) 601,826 478,529
 Provision for income taxes 215,227 180,447
 Extraordinary tax credit 182,765 160,700
 Net earnings $ 569,364 $ 458,782
 Earnings per share from continuing opers. $.08 $.06
 Extraordinary credit .04 .04
 Net earnings per share $.12 $.10
 (A) -- Before provision for income taxes and extraordinary credit.
 -0- 3/31/93
 /CONTACT: Robert S. Rubinger of United-Guardian, 516-273-0900/
 (UG)


CO: United-Guardian, Inc. ST: New York IN: MTC SU: ERN

GK-OS -- NY059 -- 1578 03/31/93 14:29 EST
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Date:Mar 31, 1993
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