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RIGHT MANAGEMENT CONSULTANTS ANNOUNCES RESULTS

 PHILADELPHIA, Oct. 19 /PRNewswire/ -- Right Management Consultants, Inc. (NASDAQ: RMCI) today announced operating results for the third quarter and nine months ended Sept. 30, 1993.
 For the third quarter, earnings increased 433 percent to $911,000, or $.35 per share, vs. $171,000, or $.07 per share for the same quarter last year. The third quarter 1992 included restructuring charges amounting to $218,000, or $.09 per share. The increase in earnings also reflects improved results in the company's European operations. Revenue (consisting of company-owned Office revenue and Affiliate royalties) increased 26 percent for the quarter to $16,553,000 from $13,181,000 for the same quarter a year ago.
 For the nine months ended Sept. 30, 1993, earnings increased 165 percent to $2,096,000, or $.80 per share, vs. $792,000, or $.31 per share for the same period last year. Revenue increased 25 percent for the nine-month period to $49,123,000 from $39,386,000 for the same period a year ago.
 Network revenue comprised of company-owned Office revenue and Affiliate offices' revenue increased 23 percent to $25,548,000 from $20,794,000 for the same quarter 1992. For the nine months ended Sept. 30, 1993, network revenue aggregated $73,694,000, an increase of 19 percent over network revenue of $62,186,000 for the same period last year.
 h?t Management Consultants, Inc., which does business under the name of Right Associates(R), develops, markets and delivers career management and human resource consulting services through more than 100 offices in the United States, Canada and Europe. Career management consulting assists employers with restructuring issues and helps separated employees develop strategies to achieve their career objectives, including re-employment, self-employment or retirement. Through other human resource consulting services, Right Associates(R) also helps clients and their workforces become more effective and productive in an increasingly competitive, global economy.
 RIGHT MANAGEMENT CONSULTANTS, INC.
 (Unaudited)
 Periods ended Quarter Nine months
 Sept. 30 1993 1992 1993 1992
 Total revenue $16,553,000 $13,181,000 $49,123,000 $39,386,000
 Income before
 income taxes and
 extraordinary
 item 1,678,000 481,000 4,073,000 2,037,000
 Provision for
 income taxes(A) (767,000) (310,000) (1,977,000) (1,275,000)
 Income before
 extraordinary item 911,000 171,000 2,096,000 762,000
 Extraordinary item(A):
 Reduction of income
 taxes arising from
 utilization of an
 international
 subsidiary's
 operating loss
 carryforward --- --- --- 30,000
 Net income 911,000 171,000 2,096,000 792,000
 Earnings per share:
 Income before
 extraordinary item $.35 $.07 $.80 $.30
 Extraordinary item --- --- --- .01
 Net income $.35 $.07 $.80 $.31
 Weighted average
 number of shares
 outstanding 2,634,301 2,524,367 2,615,077 2,526,233
 (A) In the third quarter and nine months ended Sept. 30, 1992, no tax benefit was recognized for operating losses incurred by the company's French subsidiary of $309,000 and $888,000, respectively. Effective Jan. 1, 1993, the company changed the corporate structure of this subsidiary which resulted in any losses of this subsidiary being offset against other company income from that date. During the third quarter ended Sept. 30, 1993, this subsidiary generated operating income of $15,000 and through the nine months ended Sept. 30, 1993, incurred a tax deductible operating loss of $576,000. In addition, no tax benefit was recognized during the third quarter and nine months ended Sept. 30, 1993, for operating losses incurred by one of the company's Canadian subsidiaries in the amounts of $81,000 and $223,000, respectively. As of Sept. 30, 1993, the company has net operating loss carryforwards of $1,460,000 in its French subsidiary, and $435,000 in one of its Canadian subsidiaries.
 Comparison of network revenue, comprised of company-owned Office revenue and Affiliate offices' revenue is as follows:
 (Unaudited)
 Periods ended Quarter Nine months
 Sept. 30 1993 1992 1993 1992
 Network revenue $25,548,000 $20,794,000 $73,694,000 $62,186,000
 /delval/
 -0- 10/19/93
 /CONTACT: G. Lee Bohs, CFO of Right Management Consultants, 215-988-1588/
 (RMCI)


CO: Right Management Consultants, Inc. ST: Pennsylvania IN: SU: ERN

MP-LJ -- PH024 -- 3946 10/19/93 11:56 EDT
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Publication:PR Newswire
Date:Oct 19, 1993
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