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SAFECARD SERVICES ANNOUNCES RECORD FISCAL 1991 REVENUE, NET EARNINGS AND EARNINGS PER SHARE

 SAFECARD SERVICES ANNOUNCES RECORD FISCAL 1991 REVENUE,
 NET EARNINGS AND EARNINGS PER SHARE
 MIAMI, Dec. 13 /PRNewswire/ -- SafeCard Services, Incorporated (NYSE: SSI) reported record revenue, net earnings and earnings per share for fiscal 1991.
 FOURTH QUARTER Ended Oct. 31,
 1991 1990
 Revenue $38,771,000 $35,638,000
 Net Earnings $ 6,395,000(A) $ 7,286,000
 Earnings per Share $.22 $.25
 Average Shares 29,374,000 29,517,000
 FISCAL YEAR Ended Oct. 31,
 1991 1990
 Revenue $151,884,000 $134,252,000
 Net Earnings $ 29,713,000(A) $ 26,863,000
 Earnings per Share $1.02 $.93
 Average Shares 29,325,000 29,240,000
 (A) -- The fourth quarter and year include a $2 million pre-tax
 charge to earnings for contingent legal fees paid to the
 company's counsel in connection with the voluntary
 dismissal in the fourth quarter of 1991 of a stockholder
 class action complaint against the company and its
 directors. In connection with the dismissal the plaintiffs
 stated that all claims were incorrect.
 -0- 12/13/91
 /CONTACT: Peter Halmos of SafeCard Services, Inc., 305-776-2501/
 (SSI) CO: SafeCard Services, Inc. ST: Florida IN: FIN SU: ERN


SS-JJ -- FL006 -- 2348 12/13/91 12:00 EST
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Publication:PR Newswire
Date:Dec 13, 1991
Words:199
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