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NATIONAL EDUCATION CORP. REPORTS SECOND QUARTER RESULTS

 NATIONAL EDUCATION CORP. REPORTS SECOND QUARTER RESULTS
 IRVINE, Calif., Aug. 6 /PRNewswire/ -- National Education Corp. (NYSE: NEC) today reported a net income for the three months ended June 30, 1992 of $270,000 or $.01 per share compared to a loss of ($1,323,000) or ($.04) per share for the prior year. Revenues for the period are $91,421,000 compared to last year's $92,357,000.
 The net loss for the first six months of 1992 is ($2,371,000) or ($.08) per share as compared to a loss of ($6,927,000) or ($.23) per share for the same period last year. Revenues for the first six months of 1992 were $178,740,000 as compared to $177,106,000 for the prior year period.
 The company said that, with the exception of its Training Group, all subsidiaries are achieving financial expectations this year and cash flow from all operations remains significantly positive.
 NATIONAL EDUCATION CORP.
 Summary
 Three Months Ended June 30,
 1992 1991
 Net revenues $91,421,000 $92,357,000
 Net income (loss) $270,000 ($1,323,000)
 Primary earnings (loss) per share $.01 ($.04)
 Fully diluted earnings (loss) per share $.01 ($.04)
 Average shares outstanding:
 Primary 30,357,000 30,092,000
 Fully diluted 37,657,000 37,421,000
 Six Months Ended June 30,
 1992 1991
 Net revenues $178,740,000 $177,106,000
 Net (loss) ($2,371,000) ($6,927,000)
 Primary (loss) per share ($.08) ($.23)
 Fully diluted (loss) per share ($.08) ($.23)
 Average shares outstanding:
 Primary 30,357,000 30,027,000
 Fully diluted 37,657,000 36,133,000
 -0- 8/6/92
 /CONTACT: National Education Corp. Corporate Communications, 714-474-9400/
 (NEC) CO: National Education Corp. ST: California IN: SU: ERN


JB-EH -- LA019 -- 7646 08/06/92 13:51 EDT
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Publication:PR Newswire
Date:Aug 6, 1992
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