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MB-CARADON, PARENT OF SAN ANTONIO-BASED CLARKE AMERICAN, REPORTS PRELIMINARY 1992 FINANCIAL RESULTS

 WESTPORT, Conn., April 7 /PRNewswire/ -- MB-Caradon plc (London Stock Exchange: MBX), a British company with major U.S. operations, announced preliminary 1992 financial results here today.
 The building products are check printing company reported that trading profit in the year ended Dec. 31, 1992, increased to $235.4 million, up 4.2 percent from $225.9 million in 1991. Profit before tax rose 18 percent to $226.3 million, from $191.5 million the previous year. This increase was due principally to a reduced interest charge arising from a successful rights issue in October 1991. Fully diluted earnings per share advanced by approximately 5.3 percent to 28.4 cents despite the greater number of shares in issue.
 After-tax profit of $151.4 million also was approximately 18 percent higher than in 1991. Revenue was $1.2 billion versus $1.23 billion the previous year, a 2 percent decline.
 MB-Caradon's check printing business, which consists primarily of Clarke American, based in San Antonio, had operating profits of over $70 million on revenues of approximately $290 million in 1992, it was reported by Peter J. Hewett, chairman of Clarke American and a member of MB-Caradon's main board. James E. Coln is president of Clarke American.
 The company's check printing business, which also includes MB-Clarke Ltd. in the U.K., contributed about 42 percent of MB-Caradon's operating profit in 1992.
 The 23 percent increase in operating profit earned by the security printing operation was realized on sales that were 2 percent higher than in 1991. Most of this increase in profits arose from improvements in the manufacturing and cost base of the business, Mr. Hewett said. Overall, the return on sales in this division increased from 20.3 percent to 24.3 percent.
 With a network of 42 manufacturing facilities in 28 states that are linked by a computerized information system that speeds order entry, fulfillment and deliveries, Clarke American serves banks, credit unions and other financial institutions in all 50 states.
 The operating profit of the managed businesses in building products and security printing fell 1 percent to $167.58 million, substantially due to difficult trading conditions in the United Kingdom. The effects of strong performances by the overseas building products division (up 26 percent) and U.S. security printing (up 23 percent) were reduced by a 27 percent fall in the profits of the U.K. building products operations. In group terms, volume growth in overseas building products and cost reductions in the U.K. and U.S. businesses largely offset the reduction in U.K. profits caused by declines in U.K. building product volumes.
 (A) All revenue and profit figures in this release have been converted from British pounds to United States dollars at the rate of 1 pound sterling equal $1.8. MB-Caradons share price is included daily in the FT-SE 100 Index.
 -0- 4/7/93
 /CONTACT: Peter J. Hewett, main board director of MB-Caradon, 203-226-8588; or Schorr, Howard and Megill, 212-935-5555, for MB America/
 (MBX.)


CO: MB-Caradon plc ST: Connecticut, Texas IN: SU: ERN

AH-OS -- NY057 -- 3882 04/07/93 15:58 EDT
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Date:Apr 7, 1993
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