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SAMUEL GOLDYN CO. REPORTS FIRST QUARTER 1993 RESULTS

- ENTERTAINET - TO BUSINESS AND ENTERTAINMENT EDITORS:
 THE SAMUEL GOLDWYN CO. REPORTS FIRST QUARTER 1993 RESULTS
 LOS ANGELES, Aug. 11 /PRNewswire/ -- The Samuel Goldwyn Co. (AMEX: SG) today announced results for the three months ended June 30, 1992.
 For the three months ended June 30, 1992, total revenues increased by 119 percent over the same period of 1991, from $10,753,000 to $23,545,000. The current period amounts include the results of The Samuel Goldwyn Theatre Group (Landmark Theatres and Seven Gables Theatres) acquired in the acquisition of Heritage Entertainment Inc. in December 1991. Operating income increased to $1,998,000 from $142,000 for the prior year's comparable quarter. The company posted net income for the first quarter of 1993 of $44,000, up from last year's first quarter net loss of $992,000.
 Commenting on the results, President and Chief Operating Officer Meyer Gottlieb stated: "We are pleased with this quarter's positive upturn in operations, but we are still not pleased with the company's overall profitability. Because of the nature of our business, the company's revenues and profits are subject to significant quarter-to- quarter fluctuations; however, we believe that the improved operating results indicate that our business plan is working and we will continue to execute our plan which emphasizes long-term growth and increased profitability."
 The Samuel Goldwyn Co. is one of the leading independent motion picture film and television producers and distributors in the United States as well as a leading specialized film exhibitor.
 THE SAMUEL GOLDWYN CO.
 Unaudited Consolidated Statement of Operations
 Three Months Ended June 30,
 1992 1991
 Revenues $23,545,000 $10,753,000
 Cost of revenues 18,011,000 7,637,000
 Selling, general and
 administrative expenses 3,536,000 2,974,000
 Total 21,547,000 10,611,000
 Operating income 1,998,000 142,000
 Interest expense 1,925,000 1,452,000
 Income (loss) before income taxes 73,000 (1,310,000)
 Income tax provision (benefit) 29,000 (318,000)
 Net income (loss) $44,000 ($992,000)
 Net income (loss) per share(a) $0.00 ($0.01)
 (a) Net income per share for the 1991 period presented above is after giving retroactive effect for the acquisition of Heritage Entertainment Inc. on Dec. 6, 1991.
 -0- 8/11/92
 /CONTACT: Leonie DePicciotto of The Samuel Goldwyn Co., 310-552-2255/
 (SG) CO: The Samuel Goldwyn Co. ST: California IN: ENT SU: ERN


JB-AL -- LA020 -- 9031 08/11/92 14:12 EDT
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Publication:PR Newswire
Date:Aug 11, 1992
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