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VALUE LINE'S SECOND QUARTER EARNINGS UP 110 PERCENT

 VALUE LINE'S SECOND QUARTER EARNINGS UP 110 PERCENT
 NEW YORK, Dec. 11 /PRNewswire/ -- Value Line, Inc. (NASDAQ: VALU)


today reported net income of $11,836,000 or $1.19 per share for the six months ended Oct. 31, 1991 - a 57 percent increase over net income of $7,544,000 or $.76 per share reported in the corresponding period of the previous year. Earnings for the second quarter of fiscal 1992 were $5,622,000 or $.57 per share - more than double the earnings of $2,679,000 or $.27 per share reported for the second quarter of fiscal 1991.
 Revenues for the first six months of fiscal 1992 at $35,431,000 were 12 percent above revenues recorded for the corresponding period of the previous fiscal year with increases posted in both publications' revenues and in investment management fees. Revenues for the second quarter of fiscal 1992 at $18,070,000 were 16 percent above revenues in the corresponding period of last fiscal year.
 The company's balance sheet has grown stronger over the past year: total assets have increased 34 percent to $142 million, unearned revenue has increased 12 percent to $33 million, shareholders' equity has increased 37 percent to $93 million, and working capital has increased 59 percent to $40 million.
 Jean B. Buttner, chairman and chief executive officer, said: "We're delighted with our year-to-date results. Circulation of the Value Line Investment Survey, our flagship publication, is up 11 percent over last year and new orders are up 36 percent. Assets under management in the company's mutual fund and managed account businesses have increased over the past year by 35 percent to approximately $4.1 billion."
 Value Line, Inc. is a major New York based investment advisory and money management firm. The Value Line Investment Survey is the nation's largest independent advisory service. In addition, the firm provides other financial advisory services which are produced in both printed and electronic form. Value Line also provides investment management services to the Value Line family of twelve no-load mutual funds and to institutional and individual portfolios through its asset management division.
 VALUE LINE, INC.
 Consolidated Summary of Financial Results
 (In thousands, except per share amounts)
 Periods ended Three months Six months
 Oct. 31: 1991 1990 1991 1990
 Revenue $18,070 $15,589 $35,431 $31,677
 Operating income 6,724 4,813 14,337 10,335
 Investment income 2,371 (437) 4,846 1,887
 Income before taxes 9,095 4,376 19,183 12,222
 Net income 5,622 2,679 11,836 7,544
 Earnings per share $.57 $.27 $1.19 $.76
 -0- 12/11/91
 /CONTACT: Harold T. Read, vice president and chief financial officer of Value Line, 212-687-3965/
 (VALU) CO: Value Line, Inc. ST: New York IN: FIN SU: ERN


TS-OS -- NY010 -- 1330 12/11/91 09:35 EST
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Date:Dec 11, 1991
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