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PLM INTERNATIONAL ANNOUNCES FIRST QUARTER RESULTS

 SAN FRANCISCO, May 11 /PRNewswire/ -- San Francisco-based PLM International Inc. (AMEX: PLM) today reported the results of its operations for the quarter ended March 31, 1993.
 For the quarter, PLM International reported consolidated revenues of $18.4 million, compared to $18.3 million for the same quarter in 1992. Net income to common shares in the first quarter was $352,000 or 3 cents per common share, compared to a net loss of $3,264,000 and 31 cents per common share in 1992.
 The following table sets forth a summary of selected operating statistics for the quarter ended March 31, 1993 and 1992.
 PLM INTERNATIONAL INC.
 Selected Operating Statistics(A)
 Quarter ended March 31,
 1993 1992
 Total Revenues $18,379 $18,274
 Income (Loss) Before Income Taxes $ 2,462 $(1,504)
 Net Income (Loss) $ 1,588 $(1,504)
 Preferred Dividends(C) $ 1,236 $ 1,760
 Net Income (Loss) to Common Shares $ 352 $(3,264)
 Average Common Shares Outstanding(B) 10,506 10,497
 Net Income (Loss) per Common Share $ 0.03 $ (0.31)
 (A) Figures are in thousands, except per share data
 (B) Included for per share calculation
 (C) Net of $534 tax benefit in 1993
 PLM International President and Chief Executive Officer Robert N. Tidball said, "We view the results of the first quarter as the initial consequence of our positive actions taken in a very difficult 1992. Specifically, we are just beginning to see the benefits derived from selling underperforming assets and reducing our indebtedness."
 PLM International is a transportation equipment leasing company specializing in the management of equipment on operating leases. The company is also the leading sponsor of syndicated investment programs organized to invest primarily in transportation equipment.
 -0- 5/11/93
 /CONTACT: Valerie Carattini-Cooke, director of corporate communications of PLM International, 415-905-7227/
 (PLM)


CO: PLM International Inc. ST: California IN: TRN SU: ERN

GT-TM -- SF008 -- 7277 05/11/93 17:29 EDT
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Publication:PR Newswire
Date:May 11, 1993
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