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CONSOLIDATED CARMA CORPORATION REPORTS FINANCIAL RESULTS FOR THE NINE MONTHS ENDED SEPT. 30, 1991

       CONSOLIDATED CARMA CORPORATION REPORTS FINANCIAL RESULTS
            FOR THE NINE MONTHS ENDED SEPT. 30, 1991
    CALGARY, Alberta, Nov. 21 /PRNewswire/ -- Consolidated Carma Corporation (Toronto, Calgary: CVP.A.) announced its financial results for the nine months ended Sept. 30, 1991.
    The company reported net income of $31,042,000 compared with net income of $28,440,000 for the same period in 1990. Net income per common share for the nine months was $0.44 compared with $0.41 per share in 1990. 1991 net income per common share was calculated after deducting preferred share dividends of


$11,585,000. Preferred share dividends of $11,912,000 were paid in the first nine months of 1990.
    Revenue for the nine months was $97,692,000 compared with $105,310,000 for the same period in 1990.
    Earnings per Class AAA Participating Share, Series 1, including fixed preferential dividends, was $3.90 for the first nine months compared with $3.60 for the same period last year. Earnings per Class AAA Participating Share, Series 2, including fixed preferential dividends was $3.80 for the first nine months compared with $3.50 for the same period last year.
    -0-                        11/21/91
    /CONTACT:  Murray L. Fox, president & CEO or Alan Norris, senior VP, Secretary & CFO of Consolidated Carma Corporation, 403-231-8970/
    (CVP.A.) CO:  Consolidated Carma Corporation ST:  Alberta IN: SU:  ERN CH -- LA023 -- 5940 11/21/91 13:34 EST
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Publication:PR Newswire
Date:Nov 21, 1991
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