Provena Foods Inc. Reports Second Quarter Results

CHINO, Calif., Aug. 10  /PRNewswire-FirstCall/ -- Provena Foods Inc. (AMEX:PZA) had net earnings of $291,225 for the 2nd quarter and $439,344 for the 1st six months of 2006 compared to net losses of $146,615 and $321,291 a year ago.  The Company's sales were up 7.6% in the 2nd quarter and up 4.7% in the 1st six months of 2006 compared to the same periods of 2005.  Both the meat and the pasta divisions contributed to the net earnings and increases in sales in both periods, except for a slight decrease in the pasta division's sales in the 2nd quarter of 2006.

  Contact:
  Tom Mulroney
  Provena Foods, Inc.
  [phone]



      CONDENSED STATEMENT      Three Months Ended      Six Months Ended
        OF OPERATIONS               June 30,                 June 30,
         (Unaudited)           2006         2005        2006        2005

  Net Sales                $15,085,316  $14,016,535  30,535,023  29,161,172

  Cost of Sales             13,685,527   13,307,440  27,787,202  27,515,222

          Gross profit       1,399,789      709,095   2,747,821   1,645,950

  Operating Expenses:
        Distribution           400,928      402,026     859,367     840,848
        General and
         administrative        566,413      500,555   1,209,626   1,048,622

          Operating loss       432,448     (193,486)    678,828    (243,520)

  Interest expense and
   other financing
   costs, net                 (135,130)    (181,450)   (258,447)   (461,546)
  Other Income, net            171,203      128,621     328,337     212,875

      Loss before income
       taxes                   468,521     (246,315)    748,718    (492,191)

  Income tax benefit          (177,296)      99,700    (309,374)    170,900

  Net loss                     291,225     (146,615)    439,344    (321,291)

  Loss per share:
     Basic and diluted            0.08        (0.04)       0.13       (0.10)

  Shares used in computing
   loss per share.
     Basic and diluted:      3,502,611    3,388,265   3,485,503   3,367,082


DATASOURCE: Provena Foods Inc.



CONTACT:  Tom Mulroney of Provena Foods, Inc., [phone]

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