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BLUE CIRCLE INDUSTRIES ANNOUNCES 1993 INTERIM RESULTS; PRETAX PROFITS ROSE 31 PERCENT TO 60.5 MILLION POUNDS STERLING

 NEW YORK, Sept. 9 /PRNewswire/ -- Blue Circle Industries, a leading U.K.-based building materials company, announced profits before tax for the six months ended June 30, 1993, were 60.5 million pounds sterling, an increase of 31 percent over the comparable figure for 1992 of 46.3 million pounds before exceptional items. First half 1992 profits were 86.4 million pounds after exceptional items.
 Earnings per share increased to 5.0 pence compared with 4.1 pence in 1992 before exceptional items. First half 1992 earnings per share was 10.2 pence after exceptional items.
 The company said the interim dividend would be maintained at 3.75 pence.
 The company also said net debt was reduced from 385 million pounds from 405 million pounds at the end of 1992.
 Keith Orrell-Jones, group managing director, said, "These better operating results constitute a step towards the improvements which we aim to achieve for our shareholders. Concerted management action is achieving substantial cost reduction in the group's core businesses of heavy building materials and home products; and market conditions are now showing some signs of improvement in both the U.K. and the United States."
 With major operations in the U.K., U.S., Chile and Malaysia, Blue Circle is the U.K.'s largest producer of cement and a leading producer of cement, concrete and aggregates globally. The company is the fourth largest cement producer in the U.S. It also is one of Europe's largest central heating products manufacturers and the U.K.'s leading bathroom ceramic sanitaryware company.
 BLUE CIRCLE INDUSTRIES
 Highlights
 (Unaudited -- In millions of pounds sterling
 except per share data)
 Period Ended Six Months Year Ended
 6/30/93 6/30/92 12/31/91
 Sales 798.8 570.4 1,370.1
 Operating profit (after
 exceptional items) 77.9 58.9 131.4
 Profit before exceptionals
 and tax 60.5 46.3 105.6
 Exceptional items -- 40.1 (11.8)
 Profit before tax 60.5 86.4 93.8
 Tax 18.6 18.5 53.1
 Profit after tax 41.9 67.9 40.7
 Earnings per share 5.0p 10.2p 4.0p
 Earnings per share before
 exceptional items 5.0p 4.1p 4.9p
 Dividends per share 3.75p 3.75p 11.25p
 -0- 9/9/93
 /NOTE TO EDITORS: A full text of the press release issued in London this morning is available from Broadgate Consultants, Inc., 212-229-2222./
 /CONTACT: Jacqueline Sinclair-Brown of Blue Circle Industries PLC, 011-44-71-828-3456, or Thomas C. Franco of Broadgate Consultants, Inc., 212-229-2222/


CO: Blue Circle Industries ST: IN: CST SU: ERN

TW-OS -- NY030 -- 0313 09/09/93 12:09 EDT
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Date:Sep 9, 1993
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