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B.C. Pacific Capital Nine Month Report.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 22, 1996-- B.C. PACIFIC CAPITAL(VSE BPQ.A. BPQ.B.) B.C. Pacific Capital Corporation announced net income for the nine months ended September 30, 1996 was $11,667,000 compared to $12,573,000 for the same period in 1995. After providing for dividends on preferred shares, net income applicable to common shares was $269,000 for the nine months to September 30, 1996, compared to $521,000 in 1995. Fully diluted net income per Class A and Class B Common Share was 1.7 cents compared with 3.2 cents for the same period last year.

B.C. Pacific Capital Corporation is a British Columbia based financial and investment corporation providing management services to corporations encountering financial difficulties, requiring merger and acquisition advice or operational evaluations. B.C. Pacific also uses its own capital to invest in undervalued companies primarily in the natural resource, real estate and financial service areas where management's initiatives can enhance longer term prospects. -0-
B.C. PACIFIC CAPITAL CORPORATION

CONSOLIDATED STATEMENT OF INCOME

 Nine Months Ended
 September 30 September 30
(000's) 1996 1995
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Revenue $ 16,963 $ 19,294
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Expenses 5,296 6,721
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Net income for the period 11,667 12,573
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Net income per:
- Participating preferred share - -
- Class A & B Common shares 1.7 cents 3.2 cents
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CONTACT: B.C. Pacific Capital Corporation

Brian G. Kenning, 604/ 669-3141

or

B.C. Pacific Capital Corporation

Terry A. Lyons, 604/ 669-3141
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Publication:Business Wire
Date:Nov 22, 1996
Words:245
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