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INTERTAN REPORTS THIRD QUARTER EARNINGS

 INTERTAN REPORTS THIRD QUARTER EARNINGS
 BARRIE, Ontario, April 21 /PRNewswire/ -- InterTAN Inc. (NYSE: ITN)


announced today that consolidated sales for the third quarter of its 1992 fiscal year were $198,189,000, an increase of 6 percent over prior year sales of $186,331,000. Net income for the three months ended March 31, 1992, was $4,530,000 compared to net income of $5,608,000 in the same quarter of the prior year. Earnings per share for the quarter ended March 31, 1992, decreased by 20 percent to $0.51 based on 8,937,000 average shares outstanding compared to $0.64 based on 8,722,000 shares for the same quarter last year.
 For the nine months ended March 31, 1992, consolidated sales totaled $542,999,000, down 4 percent from sales of $565,555,000 in the first nine months of fiscal 1991. Net income for the first nine months was $7,691,000, against earnings of $10,140,000 for the same prior year period. Earnings per share on average shares of 8,903,000 decreased by 25 percent to $0.86 for the nine months ended March 31, 1992 against $1.15 for the same period last year on 8,810,000 average shares.
 Robert E. Keto, president and chief executive officer, stated, "A comparatively better Christmas season in Europe and an aggressive stance on product pricing are responsible for the improvement in sales performance. Lower margins reflect the competitive pricing strategy; slow-to-improve economic conditions and strong competition in the retail environment necessitate this course of action. Selling, general and administrative expenses continue to be well under control."
 INTERTAN INC. AND SUBSIDIARIES
 Consolidated Statements of Operations
 (Unaudited)
 (In thousands, except per share data)
 Three months ended March 31 1992 1992 Pct. Change
 Net sales $198,189 $186,331 6.4
 Other income 1,749 1,836
 Total 199,938 188,167
 Costs and expenses:
 Cost of products sold 103,974 89,044
 S,G&A expenses 85,935 87,677
 Depreciation and amortization 4,068 3,618
 Foreign currency transaction losses 1,433 1,876
 Interest expense, net 702 1,026
 Total 196,112 183,241
 Income before income taxes
 and extraordinary item 3,826 4,926 (22.3)
 Provision/(benefit) for income taxes 477 692
 Income before extraordinary item 3,349 4,234
 Extraordinary item - realization of
 operating loss carryforward 1,181 1,374
 Net income $ 4,530 $ 5,608 (19.2)
 Income per average common
 share before extraordinary item $.37 $.49
 Extraordinary item per average
 common share .14 .15
 Net income per average common share $.51 $.64 (20.3)
 Average common shares outstanding 8,937 8,722
 Nine months ended March 31 1992 1991 Pct. Chng.
 Net sales $542,999 $565,555 (4.0)
 Other income 5,846 6,412
 Total 548,845 571,967
 Costs and expenses:
 Cost of products sold 277,950 284,315
 S,G&A expenses 247,251 259,412
 Depreciation and amortization 11,141 10,694
 Foreign currency transaction losses 2,398 3,004
 Interest expense, net 2,486 4,615
 Total 541,226 562,040
 Income before income taxes
 and extraordinary item 7,619 9,927 (23.2)
 Provision/(benefit) for income taxes (72) 764
 Income before extraordinary item 7,691 9,163
 Extraordinary item - realization of
 operating loss carryforward -- 977
 Net income $ 7,691 $ 10,140 (24.2)
 Income per average common
 share before extraordinary item $.86 $1.04
 Extraordinary item per average
 common share -- .11
 Net income per average common share $.86 $1.15 (25.2)
 Average common shares outstanding 8,903 8,810
 Twelve months ended March 31 1992 1991 Pct. Chng.
 Net sales $673,758 $710,756 (5.2)
 Other income 8,857 10,034
 Total 682,615 720,790
 Costs and expenses:
 Cost of products sold 338,183 357,135
 S,G&A expenses 318,375 330,064
 Depreciation and amortization 14,610 13,950
 Foreign currency transaction losses 1,082 3,360
 Interest expense, net 2,870 6,085
 Total 675,120 710,594
 Income before income taxes
 and extraordinary item 7,495 10,196 (26.5)
 Provision/(benefit) for income taxes (252) (759)
 Income before extraordinary item 7,747 10,955
 Extraordinary item - realized of
 operating loss carryforward (907) (91)
 Net income $ 6,840 $ 10,864 (37.0)
 Income per average common
 share before extraordinary item $ .87 $1.24
 Extraordinary item per average
 common share (.10) (.01)
 Net income per average common share $ .77 $1.23 (37.4)
 Average common shares outstanding 8,889 8,855
 -0- 4/21/92
 /CONTACT: Keith H. Wettlaufer, senior vice president-finance and administration of InterTAN, 705-728-6262/
 (ITN) CO: InterTAN Inc. ST: Ontario IN: REA SU: ERN


GK-OS -- NY041 -- 0571 04/21/92 11:17 EDT
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Date:Apr 21, 1992
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