ANNOUNCED NET INCOME

New World Power Corporation has announced net income after taxes of $105,569 in the year's first quarter, ended March 31, on revenues of $9,574,445. After preferred dividends, the net available to common shareholders was $31,416. The Connecticut-based company had a loss in the same period a year earlier attributable to common shares of $1,592,881 on revenues of $5,462,386.