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DANKA RELEASES QUARTERLY INFORMATION FOR THE YEAR ENDED MARCH 31, 1993

 ST. PETERSBURG, Fla., July 28 /PRNewswire/ -- Danka Business Systems PLC (NASDAQ: DANKY) earlier today announced its results of operations for the first quarter ended June 30, 1993. In the past, Danka reported on a semi-annual basis. To assist investors in the analysis of Danka, results for the year ended March 31, 1993 by quarters are as follows:
 DANKA BUSINESS SYSTEMS PLC
 CONSOLIDATED STATEMENTS OF EARNINGS
 (In thousands of dollars, except per ADS amounts)
 For the three months ended Year ended
 June Sept. Dec. March March
 30, 30, 31, 31, 31,
 1992 1992 1992 1993 1993
 (Un- (Un- (Un- (Un-
 audited) audited) audited) audited)
 Revenue:
 Retail equipment
 sales 23,171 31,203 33,251 34,752 122,377
 Retail service,
 supplies, and
 rentals 30,332 41,388 45,113 44,329 161,162
 Wholesale 9,918 13,490 14,220 16,259 53,887
 Total revenue 63,421 86,081 92,584 95,340 337,426
 Costs and operating expenses:
 Cost of retail
 equipment sales 14,157 19,717 21,021 20,670 75,565
 Retail service,
 supplies, and
 rental costs 14,963 21,508 23,166 22,474 82,111
 Wholesale costs
 of revenue 8,343 11,084 11,870 13,307 44,604
 Selling, general
 and administrative
 expenses 19,730 25,741 28,078 29,656 103,205
 Amortization of
 intangible assets 408 408 509 496 1,821
 Total costs and
 operating
 expenses 57,601 78,458 84,644 86,603 307,306
 Earnings from
 operations 5,820 7,623 7,940 8,737 30,120
 Interest, net 538 757 704 583 2,582
 Earnings before
 income taxes 5,282 6,866 7,236 8,154 27,538
 Provision for
 income taxes 1,170 1,492 1,718 2,001 6,381
 Net earnings 4,112 5,374 5,518 6,153 21,157
 Net earnings per
 American Depositary
 Shares 0.20 0.26 0.27 0.30 1.03
 Weighted average
 number of ADSs
 and ADS
 equivalents
 outstanding 20,313 20,330 20,467 20,856 20,492
 -0- 7/28/93
 /CONTACT: William Freeman, 813-576-6003 or Paul G. Dumond, 011-44-71-935-4650, both of Danka Business Systems PLC/
 (DANKY)


CO: Danka Business Systems, PLC ST: Florida IN: SU: ERN

AW-MM -- FL014 -- 6940 07/28/93 16:56 EDT
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Publication:PR Newswire
Date:Jul 28, 1993
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