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COMCOA REPORTS YEAR-END RESULTS

 WICHITA, Kan., March 26 /PRNewswire/ -- Comcoa, Inc. (NASDAQ: CCOA) today reported that revenues for the year ended Jan. 24, 1993, were $59,025,327 and resulted in net earnings of $5,040,684 or $1.00 per share. In the prior year, revenues totaled $52,876,240 and net earnings were $4,053,497 or $.81 per share.
 Comcoa, Inc. is a franchisee of Rent-A-Center, Inc., and currently owns and operates eighty Rent-A-Center stores in Florida, Alabama, Mississippi and Georgia.
 COMCOA, INC.
 Summary Financial Data
 Fiscal years ended 1/24/93 1/26/92
 Statement of Earnings Data:
 Revenues $59,025,327 $52,876,240
 Costs and expenses 51,003,823 45,776,820
 Operating income 8,021,504 7,099,420
 Other income, lawsuit settlement 400,000 --
 Interest expense, net 339,574 599,382
 Earnings before income taxes 8,081,930 6,500,038
 Income taxes 3,041,246 2,446,541
 Net earnings 5,040,684 4,053,497
 Net earnings per common and common
 equivalent share-primary and fully
 diluted $1.00 $.81
 Weighted average common and common
 equivalent shares outstanding 5,049,994 5,000,926
 SELECTED BALANCE SHEET DATA:
 Current assets $ 2,438,496 $ 1,708,628
 Total assets 27,284,245 22,035,205
 Current liabilities 5,672,369 5,388,319
 Total liabilities 12,013,270 10,888,319
 Stockholders' equity 15,270,975 11,146,886
 -0- 3/26/93
 /CONTACT: Gary L. Simmons of Comcoa, Inc., 316-683-4411/
 (CCOA)


CO: COMCOA, Inc. ST: Kansas IN: SU: ERN

WB-OS -- NY018 -- 0003 03/26/93 10:31 EST
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Publication:PR Newswire
Date:Mar 26, 1993
Words:263
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