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VALUE LINE'S THIRD QUARTER EARNINGS UP 66 PERCENT

 VALUE LINE'S THIRD QUARTER EARNINGS UP 66 PERCENT
 NEW YORK, March 16 /PRNewswire/ -- Value Line, Inc. (NASDAQ: VALU)


today reported that its earnings for the first nine months of fiscal 1992 of $22,279,000 or $2.24 per share have surpassed those of any fiscal year in the company's history.
 Results for the nine months ended Jan. 31, 1992, were 61 percent higher than earnings of $13,840,000 reported for the corresponding period of the previous fiscal year. Earnings for this year's third quarter were $10,443,000 or $1.05 per share as compared with $6,296,000 or $.63 per share for the third quarter of fiscal 1991 -- a 66 percent increase.
 Revenues of $54,685,000 for the nine months ended Jan. 31, 1992 were $6,924,000 or 15 percent above revenues for the corresponding period of the previous fiscal year. Revenues for the third quarter of fiscal 1992 were $19,254,000 -- a 20 percent increase over third quarter fiscal 1991 revenues of $16,084,000. The major factors contributing to this increase were higher levels of publishing revenues, investment management fees and brokerage commissions.
 The company's balance sheet has grown stronger during this fiscal year: total assets have increased 17 percent to $152,561,000; shareholders' equity has increased 21 percent to $102,080,000, and working capital has increased 46 percent to $45,723,000.
 Jean B. Buttner, chairman and chief executive officer, said: "Results for the first nine months of fiscal 1992 were the best in Value Line's history. Publishing revenues increased by 9 percent to $39,289,000. Assets under management in the company's mutual fund and managed account businesses have increased over the past year by 30 percent to approximately $4.5 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 provides investment management services to the Value Line family of 12 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 Nine months
 Jan. 31 1992 1991 1992 1991
 Revenues $19,254 $16,084 $54,685 $47,761
 Operating income 7,656 5,202 21,993 15,537
 Investment income 9,072 4,884 13,918 6,771
 Income before taxes 16,728 10,086 35,911 22,308
 Net income 10,443 6,296 22,279 13,840
 Earnings per share $1.05 $0.63 $2.24 $1.39
 -0- 3/16/92
 /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


CK-OS -- NY023 -- 8197 03/16/92 10:06 EST
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Publication:PR Newswire
Date:Mar 16, 1992
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