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THE SAMUEL GOLDWYN CO. REPORTS FIRST QUARTER 1994 RESULTS

 LOS ANGELES, Aug. 10 /PRNewswire/ -- The Samuel Goldwyn Co. (AMEX: SG) today announced operating results for the three months ended June 30, 1993.
 For the three months ended June 30, 1993, revenues were $30,267,000, as compared to $23,545,000 for the comparable quarter of the prior year. Quarterly operating income was $4,340,000, as compared to $1,998,000 for the comparable quarter of the prior year. The company had net income for the three months of $1,422,000, or $0.24 per share, as compared to last year's comparable quarterly net income of $44,000, which amount per share was $0.00.
 Commenting on the results, Meyer Gottlieb, president and chief operating officer, stated, "We are pleased with the direction we have taken over last year and so far this year. This quarter's net income exceeds net income for the entire fiscal year ended March 31, 1993. While we are on track with respect to our fiscal 1994 business plan, we are mindful that we operate in a highly volatile and unpredictable environment." Gottlieb attributed the positive results of the quarter as being due to "the performance of all of our divisions according to our expectations and to the impact of the synergy of being an integrated entertainment company."
 The Samuel Goldwyn Co. is a diversified independent entertainment company engaged in the production and worldwide distribution of motion pictures and television programming and in theatrical exhibition.
 THE SAMUEL GOLDWYN CO.
 Unaudited Consolidated Statement of Operations
 Three months ended
 June 30,
 1993 1992
 Revenues $30,267,000 $23,545,000
 Cost of revenues 20,943,000 18,011,000
 Selling, general and
 administrative expenses 4,197,000 2,845,000
 Depreciation expense 787,000 691,000
 Total 25,927,000 21,547,000
 Operating income 4,340,000 1,998,000
 Interest expense 1,754,000 1,925,000
 Income before income taxes 2,586,000 73,000
 Income tax provision 1,164,000 29,000
 Net income $1,422,000 $44,000
 Net income per share $0.24 $0.00
 Weighted average shares
 outstanding 5,950,721 5,822,989
 -0- 8/10/93
 /CONTACT: Hans Turner, CFO of The Samuel Goldwyn Co., 310-552-2255/
 (SG)


CO: The Samuel Goldwyn Co. ST: California IN: ENT SU: ERN

JL-LM -- LA008 -- 1031 08/10/93 08:31 EDT
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Publication:PR Newswire
Date:Aug 10, 1993
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