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BLENHEIM GROUP PLC ANNOUNCES SIX-MONTH INTERIM RESULTS; DECLARES INTERIM DIVIDEND

 BLENHEIM GROUP PLC ANNOUNCES SIX-MONTH INTERIM RESULTS;
 DECLARES INTERIM DIVIDEND
 LONDON, April 27 /PRNewswire/ -- Blenheim Group PLC, the world's leading organizer of exhibitions with growing publication interests, today announced record results for the six-month period ended Feb. 29, 1992.
 Revenue for the first six months of fiscal 1992 grew 45.1 percent to $180.25 million compared with the $124.25 million reported for the same period in fiscal 1991. Pretax profit for the period rose 51.1 percent to $48.7 million, compared with $32.2 million for the same period last year. Net profit was $28.18 million, an increase of 62.6 percent over the $17.3 million reported for the first interim period of fiscal 1991. Before providing for dividends, earnings per share rose 29.7 percent to $0.36 vs. the $0.28 reported for the comparable period last year. Per- share earnings were adjusted to reflect last year's two-for-one scrip issue.
 Neville Buch, chairman of Blenheim Group PLC, commented, "I am pleased to report further progress during the six-month period ended Feb. 29, 1992. The results underline the quality of Blenheim Group's portfolio and the strength inherent in its commercial and geographical spread, particularly in a period of world recession.
 "Visitor attendance at our exhibitions, one of the clearest indicators of the group's future prospects worldwide, have grown thus far by 8.2 percent during calendar 1992 on a like-for-like basis. In addition, as of April 23, 1992, 83.8 percent of the projected revenue for the 16-month period ending Dec. 31, 1992, had either been realized or contracted. We continue to view the future with confidence," Buch concluded.
 Separately, the company announced that the board of directors declared an interim dividend of $0.047, an increase of 15.7 percent over the equivalent dividend of $0.041 for the comparable period last year. This dividend will be paid on July 20, 1992, to shareholders of record on June 25, 1992.
 Blenheim Group PLC is the world's largest organizer of trade shows, or exhibitions, with over 250 events staged each year in nine countries. Blenheim Holdings, Inc. (BHI), the wholly owned U.S. subsidiary of Blenheim Group, organized 82 events in the United States during 1991. Industry-leading shows include the JA International Jewelry Show, the Blenheim Franchise Shows, as well as preeminent events in the information technology sector -- NetWorld, PC EXPO and UNIX EXPO.
 BLENHEIM GROUP PLC
 Interim Results
 (In millions, except per-share data)
 Six months ended Pct.
 Feb. 29 1992 1991 1992 1991 Change
 (Pounds sterling (Dollars in

 in millions) millions)
 Revenue 103.0 71.0 $180.25 $124.25 +45.1
 Operating profit 30.7 20.5 53.73 35.86 +49.8
 Investment income 0.3 0.6 0.53 1.05
 Pretax profit 27.8 18.4 48.65 32.20 +51.1
 Taxation (9.2) (6.6) (16.1) (11.55)
 Profit attributable
 to shareholders 18.6 11.8 32.55 20.65 +57.6
 Dividends (2.5) (1.9) (4.38) (3.33)
 Net profit 16.1 9.9 28.18 17.33 +62.6
 Earnings per
 share(A) 20.50(p) 15.80(p) $0.36 $0.28 +29.7
 Dividend per share 2.70(p) 2.33(p) $0.047 $0.041 +15.8
 Dividend cover 7.4x
 Revenue by country: (pct.)
 France 52.1
 United States 19.0
 U.K. 18.8
 Other 10.1
 Note: Exchange rate 1 pound equals $1.75.
 (A) -- The calculation of earnings per share is based upon earnings of $32.55 million and a weighted average of 90,733,223 shares outstanding during the six months ended Feb. 29, 1992.
 -0- 4/27/92
 /CONTACT: June Filingeri or Robert Borchert of Morgen-Walke Associates, 212-986-5900, for Blenheim Group/ CO: Blenheim Group PLC ST: IN: SU: ERN


CK -- NY040 -- 3027 04/27/92 10:33 EDT
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Date:Apr 27, 1992
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