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C O R R E C T I O N -- CONSOLIDATED-TOMOKA LAND CO. REPORTS RESULTS

 /C O R R E C T I O N -- CONSOLIDATED-TOMOKA LAND CO./
 In AT007, Consolidated-Tomoka Land Co. reports results, we are advised by a representative of the company that the "Earnings (loss) per share" portion of the tabular material for the quarter and six months was incorrectly stated. "Primary" should be changed to read "Extraordinary item" with different figures for 1991, and "Fully diluted" should be changed to "Net income." In addition, footnotes have been added to the "Extraordinary item" figures for 1992 and 1991.
 The corrected table for the "Earnings (loss) per share" for the quarter and six months follows:
 Quarters ended June 30 1992 1991
 Earnings (loss) per share
 Income (loss) before extraordinary
 item $ .01 $ .07(b)
 Extraordinary item .01(a) .05(a)(b)
 Net income $ .02 $ .12(b)
 6 mos. ended June 30 1992 1991
 Earnings (loss) per share
 Income (loss) before extraordinary
 item $ .08 $ .18(b)
 Extraordinary item .05(a) .11(a)(b)
 Net income $ .13 $ .29(b)
 (a) Reduction of income taxes arising from carry-forward of prior years' operating losses.
 (b) Adjusted for 2-for-1 stock split in June 1992.
 -0- 7/24/92 C AT007
 (CTLC) CO: Consolidated-Tomoka Land Company ST: Florida IN: SU: ERN


BN-BR -- AT011 -- 3142 07/24/92 16:11 EDT
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Publication:PR Newswire
Date:Jul 24, 1992
Words:210
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