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RIGHT MANAGEMENT CONSULTANTS ANNOUNCES EARNINGS

 RIGHT MANAGEMENT CONSULTANTS ANNOUNCES EARNINGS
 PHILADELPHIA, Oct. 22 /PRNewswire/ -- Right Management Consultants,


Inc. (NASDAQ: RMCI) today announced revenue and earnings for the third quarter and nine months ended Sept. 30, 1992.
 For the third quarter 1992, net income was $171,000 or $.07 per share, vs. net income of $523,000, or $.19 per share for last year's third quarter. The third quarter 1992 included restructuring charges relating to severance costs amounting to $218,000 or $.09 per share. Revenue (consisting of company-owned office revenue and affiliate royalties) increased 21 percent in the quarter to $13,181,000 compared to $10,916,000 in the same quarter last year.
 For the nine months ended Sept. 30, 1992, net income amounted to $792,000, or $.31 per share on a 14 percent increase in revenue to $39,386,000, compared to net income of $2,148,000 or $.79 per share, on revenue of $34,516,000 for the same period in 1991.
 Network revenue, comprised of company-owned office revenue and affiliate offices' revenue, aggregated $20,794,000 for the third quarter 1992, an increase of 15 percent over network revenue of $18,146,000 for the same quarter in 1991, and a 10 percent increase to $62,186,000 for the nine months ended Sept. 30, 1992, compared to $56,412,000 for the same period 1991.
 Right Management Consultants, Inc., which does business under the name of Right Associates(R), develops, markets and delivers career management and human resource consulting services through more than 90 offices in the United States, Canada and Western Europe, with primary emphasis in career transition consulting. Career transition consulting is designed to assist employers with employee termination issues and, after termination, to help separated employees develop skills and define career strategies to assist them in finding new employment.
 RIGHT MANAGEMENT CONSULTANTS, INC.
 (Unaudited)
 Periods ended Quarter Nine months
 Sept. 30 1992 1991 1992 1991
 Total revenue $13,181,000 $10,916,000 $39,386,000 $34,516,000
 Income before
 income taxes and
 extraordinary item 481,000 943,000 2,037,000 3,708,000
 Provision for
 income taxes (310,000) (450,000) (1,275,000) (1,680,000)
 Income before
 extraordinary item 171,000 493,000 762,000 2,028,000
 Extraordinary item(A)
 Reduction of income
 taxes arising from utilization
 of an international
 subsidiary's operating
 loss carryforward --- 30,000 30,000 120,000
 Net income 171,000 523,000 792,000 2,148,000
 Earnings per share:
 Income before
 extraordinary item $.07 $.18 $.30 $.75
 Extraordinary item --- .01 .01 .04
 Net income $.07 $.19 $.31 $.79
 Weighted average
 number of shares
 outstanding 2,524,367 2,777,454 2,526,233 2,735,696
 (A) No tax benefit was recognized during the third quarter and nine months ended Sept. 30, 1992, for operating losses generated by the company's French subsidiary of $309,000 and $888,000, respectively. The extraordinary items in 1992 and 1991 result from the utilization of net operating loss carryforwards from one of the company's Canadian subsidiaries. The 1991 extraordinary item also includes utilization of a loss carryforward from the company's French subsidiary. As of Sept. 30, 1992, the company has net operating loss carryforwards of $1,240,000 in its French subsidiary, and $55,000 in one of its Canadian subsidiaries.
 Comparison of network revenue, comprised of company-owned office revenue and affiliate offices' revenue is as follows:
 Periods ended Quarter Nine months
 (Unaudited) (Unaudited)
 Sept. 30 1992 1991 1992 1991
 Network revenue $20,794,000 $18,146,000 $62,186,000 $56,412,000
 /delval/
 -0- 10/22/92
 /CONTACT: G. Lee Bohs, CFO of Right Management Consultants, 215-988-1588/
 (RMCI) CO: Right Management Consultants, Inc. ST: Pennsylvania IN: SU: ERN


CC-JS -- PH003 -- 3253 10/22/92 07:01 EDT
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Publication:PR Newswire
Date:Oct 22, 1992
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