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ANNOUNCEMENT OF THE INTERIM RESULTS FOR THE HALF YEAR TO APRIL 10, 1993; BASS STAYS ON COURSE

 LONDON, May 19 /PRNewswire/ -- Bass PLC (NYSE: BAS), today announced an operating profit of 268 million pounds sterling (285 million pounds; 1992 restated) for the half year to April 10, 1993, on turnover of 2,270 million pounds. Earnings per share were 17.4p (20.9p; 1992 restated). An interim dividend of 5.45p per share, an increase of 3.8 percent, will be paid on July 30, 1993.
 Commenting on the results, Ian Prosser, chairman and chief executive, Bass PLC said "Holiday Inn occupancies have moved ahead in the U.S. We have improved our beer market share in the United Kingdom. Our pub business maintained profits on its equivalent estate and our leisure businesses produced excellent results in the period."
 He continued "Our European hotel business has been severely affected by the downtown in certain mainland European economies. This, and the effect in the brewing business of an increase in the provision against trade debts and free trade loans, accounted for much of the reduction in operating profits during the period."
 He concluded "Some commentators suggest the economy is finally stirring, and the sales trend in our UK businesses over the past few weeks suggest that this may be so. We do not anticipate any recovery will be fast, and so expect limited benefit from it in the second half of our trading year."
 NOTES:
 -- Bass PLC is a major UK-based company, with international interests in drinks and hotels. The company has a portfolio of well- known national and international brands, including Holiday Inn, Bass, Carling Black Label, Tennent's, Britvic, Tango and Gala Bingo. Bass is the largest brewer and a major pub, on-license and leisure retailer, in the United Kingdom. Holiday Inn is the largest hotel brand in the world.
 -- Key Financial Highlights to April 10, 1993:
 BASS PLC
 (Pounds in millions)
 1993 1992
 (restated)
 Turnover 2,270 2,227
 Operating profit 268 285
 Profit before tax 228 266
 Earnings per share 17.4p 20.9p
 Dividend per share 5.45p 5.25p
 Interest cover 6.9 times 10.8 times
 -0- 5/19/93
 /CONTACT: Bass PLC Switchboard, 071-409-1919; Media Relations, 071-409-8220; or Investor Relations, 071-409-8101; or Robert Swadosh of Golin/Harris Communications, 212-697-9191, for Bass PLC/
 (BAS)


CO: Bass PLC ST: IN: FOD LEI SU: ERN

SH-OS -- NY018 -- 0167 05/19/93 09:35 EDT
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Publication:PR Newswire
Date:May 19, 1993
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