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Crop Genetics InternationalThis Hanover-based company, which develops...

THE BALTIMORE SUN

Crop Genetics International

This Hanover-based company, which develops crop-protection systems that substitute biopesticides for synthetic chemicals, said yesterday that it lost $1.65 million, or 43 cents per common share, in the first quarter, compared with a loss of $1.45 million, or 45 cents per common share, a year ago.

Revenue increased to $620,400 for the quarter that ended March 31 from $601,800 in the same quarter last year, the company said. Accounting for some of that gain was research revenue, which rose to $437,500 from $100,000.

Investment income, however, dropped to $162,700 during the quarter from $501,200 a year earlier.

Three months ended 3/31/92

.. .. Revenue .. .. ..Net Share*

'92 ..620,400 (1,652,900) (0.43)

'91 ..601,800 (1,445,700) (0.45)

% change +3.1 .. .. .. -- .. .--

* Figure represents amount applicable to common stock after payment of preferred dividends.

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