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DUFF & PHELPS CORPORATION AGAIN ANNOUNCES RECORD EARNINGS

 CHICAGO, Nov. 4 /PRNewswire/ -- Duff & Phelps Corporation (NYSE: DUF) today announced that revenues and earnings per share reached record levels for the seventh consecutive quarter since becoming a publicly owned company. Earnings for the quarter ended Sept. 30, 1993, increased 22 percent to 33 cents per share compared to 27 cents per share in the third quarter of 1992. Revenues for the 1993 third quarter were $26.5 million, an increase of 24 percent over the 1992 third quarter.
 Francis E. Jeffries, chairman of Duff & Phelps Corporation said: "We are very pleased to report another quarter of excellent results with both third quarter revenues and per share earnings setting new records for Duff & Phelps. Increased investment management and credit rating activities were again the major forces propelling earnings higher."
 For the nine months ended Sept. 30, 1993, earnings were up 35 percent to 96 cents per share compared with 71 cents per share, before an extraordinary item, in the 1992 period. An extraordinary loss related to early redemption of senior subordinated debt and early repayment of bank debt reduced earnings for the 1992 nine months to 36 cents per share. Revenues increased to $75.2 million for the first nine months of 1993 from $61.9 million for the similar period last year.
 Duff & Phelps provides investment management, credit rating, investment research and financial consulting services to institutions, corporations and individuals.
 DUFF & PHELPS CORPORATION
 Quarter Ended Sept. 30, 1993 1992
 Revenues $26,477,000 $21,273,000
 Net Income 5,823,000 5,113,000
 Earnings per Share $0.33 $0.27
 Average Shares 17,465,000 18,653,000
 Nine months Ended Sept. 30, 1993 1992
 Revenue $75,163,000 $61,881,000
 Income Before
 Extraordinary Item 17,246,000 12,142,000
 Extraordinary Item(A) -- (5,932,000)
 Net Income $17,246,000 6,210,000
 Earnings per Share:
 Income Before
 Extraordinary Item $0.96 $0.71
 Net Income $0.96 $0.36
 Average Shares 17,882,000 17,077,000
 (A) -- Loss on early extinguishment of debt
 Figures in parenthesis are losses.
 -0- 11/4/93
 /CONTACT: Francis E. Jeffries, chairman and CEO of Duff & Phelps Corporation, 312-630-4501/
 (DUF)


CO: Duff & Phelps Corporation ST: Illinois IN: FIN SU: ERN

TW -- NY067 -- 0734 11/04/93 12:36 EST
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Publication:PR Newswire
Date:Nov 4, 1993
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