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VESTRO FOODS ANNOUNCES RESULTS

 NEWPORT BEACH, Calif., Nov. 20 ~PRNewswire~ -- Vestro Foods Inc. (NASDAQ: VEST) announced today the company's financial results for the third quarter and nine months ended Sept. 30, 1992. Net sales for the quarter were $8,847,000, compared to $9,254,000 in the third quarter of 1991. Net income for the quarter was ($304,000), compared with $116,000 in the prior year's quarter.
 Net sales for the nine months ended Sept. 30, 1992, were $27,789,000, compared to $27,981,000 in 1991. Net income for the nine months ended Sept. 30, 1992, was ($719,000), compared with net income of $558,000 for the nine months ended Sept. 30, 1991.
 VESTRO FOODS INC.
 Financial Highlights
 (In thousands except per share amounts)
 For the three months ended For the nine months ended
 Sept. 30, Sept. 30,
 1992 1991 1992 1991
 Net sales $8,847 $9,254 $27,789 $27,981
 Income (loss)
 before extra-
 ordinary item (304) 92 (719) 346
 Extraordinary
 items(a) --- 24 --- 212
 Net income
 (loss) ($304) $116 ($719) $558
 Earnings (loss)
 per common
 share
 Before extra-
 ordinary
 items(b) ($0.03) ($0.01) ($0.08) $0.00
 Extraordinary
 items 0.00 0.00 0.00 0.00
 Net income ($0.03) ($0.01) ($0.08) $0.00
 (a) Represents the utilization of a net operating loss carryforward.
 (b) Computed by adjusting net income for the company's scheduled quarterly preferred stock dividend, which amounted to $262,000 and $786,000 for the three months and nine months ended Sept. 30, 1992 and Sept. 30, 1991.
 -0- 11~20~92
 ~CONTACT: Betty Glickman of Vestro Foods, 714-760-0354~
 (VEST)


CO: Vestro Foods Inc. ST: California IN: FOD SU: ERN

KJ-LS -- LA019 -- 0071 11~20~92 18:13 PST
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Publication:PR Newswire
Date:Nov 20, 1992
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