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MITY-LITE TALLIES EARNINGS OF 17 PER SHARE IN QUARTER

SHARE MITY-LITE TALLIES EARNINGS OF 17 PER SHARE IN QUARTER

Mity-Lite, a company manufacturing lightweight tables and chairs, had net income of $539,000 for the quarter ending March 31 compared with net income of $462,000 in the same quarter a year ago.

Gregory L. Wilson, president and chief executive officer, said earnings per share were 17 cents in the quarter ending March 31 compared with 14 cents in the same quarter in 1995. Sales in the quarter totaled $3.9 million, up from $3.7 million in the same period a year ago.For the year ending March 31, Mity-Lite had net income of $1.9 million compared with net income of $1.7 million in the same period a year ago on sales of $15.3 million, an 18 percent increase from the $13 million in sales a year ago.