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CONSOLIDATED CARMA CORP. REPORTS FINANCIAL RESULTS FOR THE NINE MONTHS ENDED SEPT. 30, 1993

 CALGARY, Alberta, Nov. 5 /PRNewswire/ -- Consolidated Carma Corp. announced its financial results for the nine months ended Sept. 30, 1993.
 The company reported net income of $16,873,000 compared with net income of $28,993,000 for the same period in 1992. Net income per common share for the nine months was $0.29 compared with $0.48 per share in 1992. Net income per common share was calculated after deducting dividends on the participating shares of $7,129,000 in each of 1993 and 1992.
 Revenue for the nine months was $78,369,000 compared with $108,426,000 for the same period in 1992.
 Earnings per Class AAA Participating Share, Series 1, including fixed preferential dividends, was $2.40 for the first nine months compared with $4.30 for the same period last year. Earnings per Class AAA Participating Share, Series 2, including fixed preferential dividends was $2.30 for the first nine months compared with $4.20 for the same period last year.
 -0- 11/5/93
 /CONTACT: Murray L. Fox, president and CEO, or Alan Norris, executive VP, secretary & CFO of Consolidated Carma Corp., 403-231-8900, or (fax) 403-231-8960/
 (CVP.A.)


CO: Consolidated Carma Corp. ST: Alberta IN: CST SU: ERN

JB-MF -- LA035 -- 1419 11/05/93 17:44 EST
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Publication:PR Newswire
Date:Nov 5, 1993
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