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PRIMARK REPORTS INCREASED EARNINGS IN 1992

 MCLEAN, Va., Feb. 19 /PRNewswire/ -- Primark Corporation (NYSE: PMK; PSE) today reported net income for 1992 after preferred dividends of $5.8 million or 30 cents per share compared to $375,000 or 2 cents per share in 1991. Revenues for 1992 were $309.7 million as compared to $111.1 million in 1991.
 Income from continuing operations after preferred dividends was $7.7 million or 40 cents per share, up from $4.9 million or 25 cents per share in 1991. The significant earnings improvement in continuing operations in 1992 was due to the inclusion of TASC (The Analytic Sciences Corporation) for a full year and two months of Datastream International's operations (acquired in Sept. 1992). This was partially offset by the sale of ICF International common stock, which Primark received as part of the consideration for the sale of a business in 1990.
 The 1992 earnings contained losses in discontinued operations of $1.8 million or 10 cents per share compared to a loss of $4.5 million or 23 cents per share in 1991. The improvement in discontinued operations was the result of profitable operations at the Triad International Maintenance Corporation that were partially offset by a loss on the sale of General Transport Systems in December.
 "We are extremely pleased with the progress made in 1992 in expanding our role as a worldwide information services company," said Joseph E. Kasputys, Primark's chairman and chief executive officer. "TASC had another record year and Datastream, our newest acquisition, is off to a strong start. The unique combination of information technology expertise at TASC and the outstanding product offerings of our financial information and health information subsidiaries positions Primark for continued future success. We are also working to dispose of our remaining discontinued operations and intend to use the proceeds to repay debt."
 The company also announced that effective Feb. 16, Dr. Kasputys, who has served as the chairman of TASC since its acquisition in 1991, has become its president and chief executive officer. The change in titles reflects his more direct involvement in the day-to-day activities within the TASC operation. Arthur Gelb, formerly president and CEO, has assumed the role of chairman.
 Primark Corporation, headquartered in McLean, is principally engaged in information services. Primark's core businesses are TASC, based in Reading, Mass.; and Datastream International, based in London.
 Primark Corporation
 CONDENSED CONSOLIDATED STATEMENTS OF INCOME
 (Thousands Except Per Share Amounts)
 Year Ended Dec. 31,
 1992 1991 1990
 Operating Revenues $309,664 $111,111 $ 11,587
 Operating Expenses 288,620 109,162 14,521
 Operating Income (Loss) 21,044 1,949 (2,934)
 Other Income (Deductions)-Net (4,825) 5,960 5,953
 Income Tax Benefit (Expense) (7,199) (2,484) 312
 Income from Continuing
 Operations 9,020 5,425 3,331
 Loss from Discontinued
 Operations-Net (1,838) (4,540) (8,867)
 Net Income (Loss) 7,182 885 (5,536)
 Dividends on Preferred Stock (1,361) (510) --
 Net Income (Loss) Applicable to
 Common Stock $ 5,821 $ 375 $ (5,536)
 Earnings (Loss) Per Common and
 Common Equivalent Share
 Continuing Operations $ 0.40 $ 0.25 $ 0.17
 Discontinued Operations (0.10) (0.23) (0.46)
 Total $ 0.30 $ 0.02 $(0.29)
 Weighted Average Common and
 Common Equivalent Shares
 Outstanding 19,388 19,689 19,320
 Condensed Consolidated Statements Of Financial Position
 Dec. 31,
 1992 1991
 (Thousands of Dollars)
 Assets
 Cash and cash equivalents $ 23,148 $ 39,514
 Marketable equity securities -- 7,000
 Accounts receivable -- net 92,558 61,124
 Net assets of discontinued operations 18,434 20,746
 Goodwill and other intangibles - net 301,151 108,480
 Other assets 87,518 71,394
 $522,809 $308,258
 Liabilities and Shareholders'
 Equity Current and noncurrent
 portions of long-term debt and
 capital lease obligations $194,171 $ 45,235
 Other liabilities 110,561 52,440
 Redeemable preferred stock 16,522 15,190
 Common shareholders' equity 201,555 195,393
 $522,809 $308,258
 Condensed Segment Data
 (Thousands Of Dollars)
 Year Ended Dec. 31,
 1992 1991 1990
 Operating Revenues
 Information services $298,721 $101,352 $ 504
 Financial services 10,943 9,759 11,083
 Total Primark $309,664 $111,111 $ 11,587
 Operating Income (Loss)
 Information services $ 19,518 $ 919 $ (4,074)
 Financial services 7,529 6,818 7,845
 Corporate (6,003) (5,788) (6,705)
 Total Primark $ 21,044 $ 1,949 $ (2,934)
 -0- 2/19/93
 /CONTACT: Steven L. Schneider of Primark Corporation, 703-790-7630/
 (PMK)


CO: Primark Corporation ST: Virginia IN: CPR SU: ERN

DS -- DC004 -- 8262 02/19/93 08:27 EST
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Date:Feb 19, 1993
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