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PRIMARK REPORTS FIRST QUARTER EARNINGS

 PRIMARK REPORTS FIRST QUARTER EARNINGS
 MCLEAN, Va., May 12 /PRNewswire/ -- Primark Corporation


(NYSE: PMK; PSE) reports net income after preferred stock dividends of $2.3 million or $0.12 per share for the first quarter of 1992, a significant increase over income of $928,000 or 5 cents per share reported for the same quarter in 1991. Revenues for the 1992 first quarter rose to $83.1 million, representing a growth of over six times the revenue generated in the comparable 1991 period. All of Primark's business segments were profitable during the 1992 first quarter.
 The substantial increase in revenues and earnings primarily reflects the operations of TASC (The Analytic Sciences Corporation), Primark's newest information services business acquired in August 1991. Primark's transportation services segment posted a profit for the first time since the opening of a new aircraft maintenance facility in October 1990. Income generated by the financial services segment also contributed favorably to Primark's improved earnings.
 "I am very pleased to announce that all three of Primark's operating segments were profitable" said Joseph E. Kasputys, Primark's chairman and chief executive officer. "In particular, TASC continued to grow well over the prior year and provides Primark with a strong base on which to increase its presence in the information services sector."
 Primark Corporation is a holding company headquartered in McLean which is principally engaged in information services, together with businesses in transportation and financial services.
 CONDENSED CONSOLIDATED STATEMENTS OF INCOME
 (Unaudited)
 Three Months Ended
 March 31,
 1992 1991
 (Thousands of Dollars Except Per Share Amounts)
 Operating Revenues $ 83,080 $ 13,115
 Operating Expenses 78,476 15,006
 Operating Income (Loss) 4,604 (1,891)
 Other Income (Deductions) - Net (5) 3,018
 Income Before Income Taxes 4,599 1,127
 Income Tax Expense (1,931) (199)
 Net Income 2,668 928
 Dividends on Preferred Stock (329) --
 Net Income Applicable to Common Stock $ 2,339 $ 928
 Earnings Per Common
 and Common Equivalent Share $ 0.12 $ 0.05
 Weighted Average Common
 and Common Equivalent Shares Outstanding 19,400 18,868
 CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
 (Unaudited)
 March 31, Dec. 31,
 1992 1991
 (Thousands of Dollars)
 Assets
 Cash and cash equivalents $ 40,799 $ 40,811
 Marketable equity securities 9,675 7,000
 Accounts receivable 64,806 69,158
 Goodwill and other intangibles - net 109,709 110,284
 Other assets 112,568 107,946
 Total $337,557 $335,199
 Liabilities and Shareholders' Equity
 Current and noncurrent portions of
 long-term debt and capital lease
 obligations $ 37,676 $ 46,755
 Other liabilities 86,291 77,861
 Redeemable preferred stock 15,512 15,190
 Common shareholders' equity 198,078 195,393
 Total $337,557 $335,199
 CONDENSED SEGMENT DATA
 (Unaudited)
 Three Months Ended
 March 31,
 1992 1991
 (Thousands Except Per Share Amounts)
 Operating Revenues
 Information services $ 66,131 $ 647
 Financial services 4,880 3,843
 Transportation services 12,069 8,625
 Total Primark $ 83,080 $13,115
 Operating Income (Loss)
 Information services $ 4,024 $(1,027)
 Financial services 1,737 1,681
 Transportation services 243 (1,088)
 Corporate and other (1,400) (1,457)
 Total Primark $ 4,604 $(1,891)
 -0- 5/12/92
 /CONTACT: Steven L. Schneider of Primark, 703-790-7630/
 (PMK) CO: Primark Corporation ST: Virginia IN: SU: ERN


MH -- DC006 -- 8991 05/12/92 09:35 EDT
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Date:May 12, 1992
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