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RACAL ELECTRONICS REPORTS STRONG CORPORATE REVENUES AND PROFITS FOR FISCAL 1993

 LONDON, June 9 /PRNewswire/ -- Racal Electronics Plc today announced the preliminary results for the fiscal year ended March 31, 1993. A summary of these results (excluding Chubb Security Group and Vodafone Group, which were spun off) is as follows:
 -- Sales of 946 million pounds sterling (fiscal 1992, 940 million pounds)
 -- Operating profit of 61 million pounds (fiscal 1992, 49.3 million pounds), an increase of 23.7 percent over previous year
 -- Exceptional costs of 13.8 million pounds (fiscal 1992, 23.8 million pounds)
 -- Interest receivable of 4.3 million pounds net (fiscal 1992, payable of 9.4 million pounds net)
 -- Pre-tax profits of 51.5 million pounds (fiscal 1992, 16.1 million pounds)
 -- Taxation of 19.4 million pounds; tax rate of 37.7 percent (fiscal 1992, 3.7 million pounds)
 -- Earnings per ordinary share of 11.52 pence (fiscal 1992, 4.31 pence)
 -- Year-end dividend proposed of 2.75 pence (net of UK tax), making a total for fiscal 1993 of 4.25 pence (net of UK tax)
 -- Cash inflow of 71 million pounds
 -- Net debt of 35.5 million pounds (fiscal 1992 proforma, 61.2 million pounds), giving a debt/equity ratio of 6.8 percent (fiscal 1992 proforma 12.3 percent)
 -- Extraordinary costs of 3.6 million pounds (fiscal 1992, 40.0 million pounds).
 -- Further improvement in operating profit expected in fiscal 1994. Lower exceptional costs will offset the loss of interest receivable. Overall, results are expected to show satisfactory progress.
 The above is a summary of the complete news release on Racal Electronics' fiscal 1993 results. A copy of the full release is available from the Racal Corporation in New York.
 Racal Electronics is a leading international electronics company headquartered in the United Kingdom. The Racal Corporation provides management and financial services for Racal's North American operations.
 -0- 6/9/93
 /CONTACT: Edward W. Cheatham of the Racal Corporation, 212-268-0918/


CO: Racal Electronics Plc ST: IN: CPR SU: ERN

LR-WB -- NY020 -- 0094 06/09/93 10:47 EST
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Date:Jun 9, 1993
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