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/C O R R E C T I O N -- THE KEITH GROUP REPORTS RESULTS/

 /C O R R E C T I O N -- THE KEITH GROUP REPORTS RESULTS/
 In FL001, The Keith Group Reports Results, moved Dec. 13, we are advised by the company that the figure reported for Income, Three Months Ended Nov. 30, 1991, should read, $1,661,215, rather than $1,096,402. Also, the figure reported for Earnings Per Share, Three Months Ended Nov 30, 1991, should read $0.54, rather than $0.36 as originally issued. The company said the adjustment is due to a tax credit received in the period. The corrected version follows:
 THE KEITH GROUP REPORTS RESULTS
 FORT LAUDERDALE, Fla., Dec. 13 /PRNewswire/ -- The Keith Group of Companies, Inc. (NASDAQ: HKME) today reported earnings and revenues for both the year ending Aug. 31, 1991 and first quarter ending Nov. 30, 1991.
 Net earnings were $218,183 or $.08 per share of common stock for the year ending Aug. 31, 1991 based on $6.46 million in revenues. In addition, first quarter (11/30/91) earnings were $1,661,215 or $.54 per share of common stock based on $2,753,337 in revenues.
 The Keith Group, with executive offices in Hallandale, Fla., develops both Victoria Estates in Port Charlotte, Fla. and Bear Creek in Ormond Beach, Fla.
 THE KEITH GROUP OF COMPANIES, INC.
 FINANCIAL SUMMARY
 12 Months Ended Three Months Ended
 Aug. 31, Nov. 30,
 1991 1991
 Revenues $ 6,461,275 $ 2,753,337
 Income 218,183 1,661,215
 Earnings per share 0.08 0.54
 Stockholders' equity 3,499,218 4,595,620
 Shares issued and outstanding 3,088,274 as of Dec. 13, 1991.
 -0- 12/17/91
 /CONTACT: Hugh Keith of The Keith Group of Companies, Inc., 305-458-5282/ CO: The Keith Groups of Companies, Inc. ST: Florida IN: CST SU: ERN


JJ-AW -- FL008 -- 3099 12/17/91 16:06 EST
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Publication:PR Newswire
Date:Dec 17, 1991
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