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CHALLENGER INTERNATIONAL, LTD., REPORTS FIRST QUARTER RESULTS

 HAMILTON, Bermuda, March 25 /PRNewswire/ -- Challenger International, Ltd. (NASDAQ: CSTIF) today reported a net profit of US$263,000 or US$0.02 per share for the three months ended Jan. 31, 1993, compared to a net profit of US$290,000 or US$0.07 per share for the first quarter of 1992. This year's results reflect income from continuing operations of US$30,000 compared with a loss of US$505,000 last year.
 Savage Arms and PBT combined sale increased to US$2,991,000 from US$2,193,000 or 36 percent reflecting a strong demand for products continuing from the last quarter of last year.
 Challenger's special restricted voting shares are traded on NASDAQ (CSTIF) and the Toronto Stock Exchange.
 CHALLENGER INTERNATIONAL, LTD.
 (Dollar amounts in thousands except per share data)
 Three months ended Jan. 31 1993 1992
 Revenues $3,040 $2,197
 Income (loss) from continuing operations 30 (505)
 Income from discontinued operations 233 795
 Net income 263 290
 Net income per share 0.02 0.07
 -0- 3/25/93
 /CONTACT: Shareholder Relations Department of Challenger International, Ltd., 809-295-8639/
 (CSTIF)


CO: Challenger International, Ltd. ST: IN: SU: ERN

TS-LR -- NY011 -- 9387 03/25/93 08:17 EST
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Publication:PR Newswire
Date:Mar 25, 1993
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