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BURNUP POSTS SECOND QUARTER EARNINGS

 BURNUP POSTS SECOND QUARTER EARNINGS
 FORT LAUDERDALE, Fla., Dec. 2 /PRNewswire/ -- Burnup & Sims Inc.


(NASDAQ: BSIM) today reported earnings for the second quarter ended Oct. 31, 1991, of $730,000, or $.08 per share, on revenues of $43.1 million, compared to $1.8 million, or $.19 per share, on revenues of $47.7 million last year.
 Earnings for the six months were $782,000, or $.09 per share, on revenues of $81.5 million, compared to $4.0 million, or $.42 per share, on revenues of $96.1 million for the same period last year. Net income for the first six months of last year included approximately $1.9 million, or $.19 per share, from the company's equity in earnings of National Beverage Corp.
 Burnup & Sims operations remain profitable, even with today's downward economic pressures. These pressures on weakened markets in certain areas of the United States have caused major utilities to continue spending deferrals. Current economic pressures have also encouraged industry leaders to consolidate, benefiting from improved economies of scale, a broader revenue base and the synergies of consolidated management. "The company is continuing to explore expansion opportunities," a company spokesperson stated, "including mergers with other growth oriented companies."
 Opening the lines of communications(TM) across the United States, Burnup & Sims is a leading telecommunications service company with diversified interests in movie theatres, commercial printing and real estate.
 BURNUP & SIMS INC.
 CONSOLIDATED RESULTS FOR THE PERIODS ENDED
 OCT. 31, 1991 AND 1990
 (In Thousands, Except Per Share Amounts)
 Three Months Six Months
 Ended Ended
 Oct. 31, Oct. 31,
 1991 1990 1991 1990
 Revenues $43,111 $47,744 $81,541 $96,116
 Income Before Equity
 in Net Income of
 National Beverage $ 730 $ 1,353 $ 782 $ 2,153
 Equity in Net
 Income of
 National Beverage $ 0 $ 450 $ 0 $ 1,860
 Net Income $ 730 $ 1,803 $ 782 $ 4,013
 Average Shares
 Outstanding 8,768 9,666 8,768 9,663
 Earnings Per
 Share (A) $ .08 $ .19 $ .09 $ .42
 (A) -- Includes $.07 and $.05 from the repurchase of Burnup & Sims Inc. 12 percent debentures for the periods ended October 31, 1991 and 1990, respectively.
 -0- 12/2/91
 /CONTACT: George Bracken or Aimee Zbiegien of Burnup & Sims, 305- 587-4512/
 (BSIM) CO: Burnup & Sims ST: Florida IN: TLS SU: ERN


JJ-MR -- FL014 -- 8478 12/02/91 15:51 EST
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Publication:PR Newswire
Date:Dec 2, 1991
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