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COTT REPORTS EARNINGS FOR SECOND QUARTER ENDING JULY 25, 1992

 COTT REPORTS EARNINGS FOR SECOND QUARTER ENDING JULY 25, 1992
 TORONTO, Sept. 15 /PRNewswire/ -- Cott Corporation today announced its results for the second quarter ending July 25, 1992 as follows:
 COTT CORPORATION
 3 months ended 6 months ended
 July 25,1992 July 27,1991 July 25,1992 July 27,1991
 ($Cdn) ($Cdn) ($Cdn) ($Cdn)
 Sales $ 89,408,000 $ 46,844,000 $140,470,000 $ 68,266,000
 Earnings
 from
 Operations 7,625,000 4,482,000 11,840,000 6,529,000
 Income Taxes 3,234,000 405,000 5,017,000 533,000
 Minority
 Interest 429,000 303,000 788,000 336,000
 Equity in
 Earnings of
 Investment 153,000 -- 153,000 --
 Net Earnings 4,115,000 3,774,000 6,188,000 5,660,000
 Earnings Per
 Share (A)
 - Basic .16 .20 .25 .30
 - Fully Diluted .16 .19 .24 .28
 (A) Gives effect to the two-for-one subdivision of shares effective July 29, 1992.
 Earnings from operations for the second quarter were 70 percent higher than in the similar period in 1991 as a result of a 91 percent increase in sales. Most of the sales increase came from the U.S. market which, for the quarter, represented 47 percent of total revenues. The company continues to make significant progress in entering into agreements with major U.S. chains for the supply of their retailer branded soft drink programs. Canadian sales were negatively impacted by the unseasonably wet and cold weather experienced in virtually all areas of Canada throughout the quarter.
 The company noted that minimal tax was reflected in the prior year as a result of the usage of tax loss carry-forwards while 1992 earnings are fully taxable. The application of the 1992 tax rate to the six months 1991 earnings would reduce fully diluted earnings per share to $0.16 for that period.
 -0- 9/15/92
 /CONTACT: Fraser D. Latta, vice chairman and chief operating officer of Cott, 416-672-1900/
 (COTTF) CO: Cott Corporation ST: Ontario IN: FOD SU: ERN


PS -- NY064 -- 9731 09/15/92 15:07 EDT
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Date:Sep 15, 1992
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