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/FIRST AND FINAL ADD -- NY073 -- SCOTTISH HERITABLE, INC./

 SCOTTISH HERITABLE, INC. AND SUBSIDIARIES
 Condensed Consolidated Statements Of Operations
 (Unaudited, In thousands except per share data)
 Period ended Three Months Ended
 Sept. 30, 1992 Pct. 1991 Pct.
 Revenues $9,426 100.0 $10,924 100.0
 Cost of revenues:
 Labor and other operating
 expense 6,356 67.5 7,551 69.1
 Depreciation and depletion 819 8.7 964 8.8
 Amortization of cost in
 excess of net assets
 required 164 1.7 163 1.5
 Total cost of revenues 7,339 77.9 8,678 79.4
 Gross Profit 2,087 22.1 2,246 20.6
 Selling, general and admin.
 expenses 1,285 13.6 1,826 16.7
 Operating profit (loss) 802 8.5 420 3.9
 Other deductions (income):
 Interest expense 341 3.6 491 4.5
 Gain on sale of VLC assets (11,320)-120.1 -- --
 Other, net (50) -0.5 (189) -1.7
 Total (11,029)-117.0 302 2.8
 Net Earnings (loss) from
 continuing operations
 before income taxes 11,831 125.5 118 1.1
 Federal and State income
 taxes 685 7.3 9 0.1
 Net earnings (loss) from
 continuing operations 11,146 118.2 109 1.0
 Loss from discontinued
 operations, net of tax
 benefit of $80 (20) -0.2 -- --
 Net earnings (loss) $11,126 118.0 $ 109 1.0
 Earnings (loss) per share
 of common stock:
 Continuing operations $ 2.91 $0.03
 Discontinued operations (0.01) --
 Net earnings (loss) $ 2.90 $0.03
 Period ended Nine Months Ended
 Sept. 30, 1992 Pct. 1991 Pct.
 Revenues $28,179 100.0 $30,037 100.0
 Cost of revenues:
 Labor and other operating
 expense 19,603 69.6 20,558 68.5
 Depreciation and depletion 2,925 10.4 2,798 9.3
 Amortization of cost in
 excess of net assets
 required 492 1.7 492 1.6
 Total cost of revenues 23,020 81.7 23,848 79.4
 Gross Profit 5,159 18.3 6,189 20.6
 Selling, general and admin.
 expenses 4,148 14.7 4,854 16.2
 Operating profit (loss) 1,011 3.6 1,335 4.4
 Other deductions (income):
 Interest expense 1,573 5.6 1,553 5.2
 Gain on sale of VLC assets (11,320) -40.2 -- --
 Other, net (124) -0.4 (322) -1.1
 Total (9,871) -35.0 1,231 4.1
 Net Earnings (loss) from
 continuing operations
 before income taxes 10,882 38.6 104 0.3
 Federal and State income
 taxes 685 2.4 (197) -0.7
 Net earnings (loss) from
 continuing operations 10,197 36.2 301 1.0
 Loss from discontinued
 operations, net of tax
 benefit of $80 (320) -1.1 -- --
 Net earnings (loss) $ 9,877 35.1 $ 301 1.0
 Earnings (loss) per share
 of common stock:
 Continuing operations $ 2.66 $0.08
 Discontinued operations (0.09) --
 Net earnings (loss) $ 2.57 $0.08
 -0- 11~30~92 AA NY073
 ~PRNewswire -- Nov. 30~


CO: Scottish Heritable, Inc. ST: Virginia IN: MNG SU: ERN

LD -- NY073A -- 2152 11~30~92 19:29 EST
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Publication:PR Newswire
Date:Nov 30, 1992
Words:508
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