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ETHICAL HOLDINGS REPORTS EARNINGS

 GODMANCHESTER, United Kingdom, Oct. 29 /PRNewswire/ -- Ethical Holdings plc (NASDAQ: ETHCY) today reported its operating results for month ended September 30, 1993.
 Total revenues for the period were pounds sterling 360,793 with the Company posting a final net loss of 345,628 pounds sterling.
 ETHICAL HOLDINGS PLC
 PROFIT AND LOSS DETAILS FOR THE MONTH OF SEPTEMBER 1993
 CONSOLIDATED (US GAAP)
 Month ended September 30, 1993
 Pounds Sterling US$
 Revenues 360,793 541,190
 Operating expenses 730,575 1,095,862
 Operating (loss) (369,782) (554,673)
 Interest Income (net) 24,154 36,231
 Net (loss) (345,628) (518,442)
 Exchange rate US$/pounds equals 1.50.
 -0- 10/29/93
 /CONTACT: Dr. Geoffrey W. Guy, Chairman and Chief Executive Officer of Ethical Holdings plc, in the U.K.: 44-480-431303/
 (ETHCY)


CO: Ethical Holdings plc ST: IN: SU: ERN

TS -- NY061 -- 8694 10/29/93 16:40 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
Words:148
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