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THE LOEWEN GROUP ANNOUNCES SECOND QUARTER FINANCIAL RESULTS

 THE LOEWEN GROUP ANNOUNCES SECOND QUARTER FINANCIAL RESULTS
 BURNABY, British Columbia, Aug 18 /PRNewswire/ -- The Loewen Group Inc. (NASDAQ: LWNGF; Toronto: LWN) announced today that during the first six months of 1992 revenue and earnings showed continued growth compared with the first six months of 1991. Revenue increased 34.6 percent to 139.7 million from $103.8 million and earnings increased 39.1 percent to $12.1 million from $8.7 million. Basic earnings per share increased 27.6 percent to $0.37 per share from $0.29 per share, while fully diluted earnings per share for the six- month period increased 27.6 percent to $0.37 per share from $0.29 per share.
 During the three months ended June 30, 1992, in comparison to the same period in 1991, revenue increased 34.2 percent to $70.6 million from $52.6 million and earnings increased 30.2 percent to $5.6 million from $4.3 million. Basic earnings per share increased 21.4 percent to $0.17 per share from $0.14 per share. Fully diluted earnings per share for the second quarter also increased 21.4 percent to $0.17 per share from $0.14 per share.
 During the first six months of 1992 the company expended a total of $49.9 million on the purchase of 33 funeral homes, 10 cementeries and three crematoria in 14 states and one province.
 Since the end of the second quarter, the company has expended $21.9 million on the purchase of eight funeral homes and three cemeteries in five states, and has sold one ambulance service in the United States.
 The company has also committed $27.6 million to the purchase of 30 funeral homes, two cemeteries and one crematoria in 10 states and one province. These are expected to close by late September.
 The Loewen Group Inc. is the largest funeral service corporation in Canada and the second largest in North America, and currently owns and operates 406 funeral homes, 36 cemeteries, 16 crematoria, three ambulance services and three small insurance companies.
 -0- 8/18/92
 /CONTACT: Robert Lundgren, senior VP-finance and corporate development of The Loewen Group, 604-299-9321/
 (LWNGF) CO: The Loewen Group Inc. ST: British Columbia IN: SU:


AL -- LA021 -- 1051 08/18/92 15:19 EDT
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Date:Aug 18, 1992
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