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THE SAMUEL GOLDWYN CO. REPORTS RECORD SIX MONTH AND SECOND QUARTER 1994 RESULTS

 LOS ANGELES, Nov. 10 /PRNewswire/ -- The Samuel Goldwyn Co. (AMEX: SG) today announced operating results for the three and six months ended Sept. 30, 1993. The company reported the highest first- half revenue, operating income and net income in its history. These results were due to the performance of the company's theatrical features "Much Ado About Nothing," and "The Wedding Banquet," the increased revenues of the company's Theatre Group, and from increased television distribution revenue.
 For the six months ended Sept. 30, 1993, revenues were $60,200,000 compared to $40,841,000 for the first six months of the prior year. Operating income for the six months ended Sept. 30, 1993, was $9,063,000 compared to $2,313,000 for the same period of fiscal 1993. Net income for the six months ended Sept. 30, 1993, was $3,095,000, or $0.52 per share, compared to a net loss of ($630,000), or ($0.11), for the same six months of the prior year.
 For the three months ended Sept. 30, 1993, revenues were $29,933,000 compared to $17,296,000 for the same three months of fiscal 1993. Operating income for the three months ended Sept. 30, 1993, was $4,723,000 compared to $315,000 for the same three months of the prior year. The company reported net income of $1,673,000, or $0.28 per share, for the second quarter of fiscal 1994 compared to a net loss of ($674,000), or ($0.11), for the second quarter of the prior year.
 Commenting on the results, Meyer Gottlieb, president and chief operating officer, stated, "The results of the first half of this year are a continuation of the positive impact of our long-range business plan which focuses on balanced growth from all of our operating units. We are especially pleased about the performance during the first six months of this year of our theatrical distribution and exhibition segments."
 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 Condensed Consolidated Statement of Operations
 Three Months Ended Six Months Ended
 Sept. 30, Sept. 30,
 1993 1992 1993 1992
 Revenues $29,933,000 $17,296,000 $60,200,000 $40,841,000
 Cost of revenues 20,460,000 11,864,000 41,403,000 29,875,000
 Selling, general and
 administrative
 expenses 3,998,000 4,477,000 8,195,000 7,322,000
 Depreciation and
 amortization 752,000 640,000 1,539,000 1,331,000
 Total 25,210,000 16,981,000 51,137,000 38,528,000
 Operating income
 (loss) 4,723,000 315,000 9,063,000 2,313,000
 Interest expense 1,602,000 1,276,000 3,356,000 3,201,000
 Income (loss)
 before income
 taxes 3,121,000 (961,000) 5,707,000 (888,000)
 Income tax
 provision
 (benefit) 1,448,000 (287,000) 2,612,000 (258,000)
 Net income (loss) $1,673,000 ($674,000) $3,095,000 ($630,000)
 Net income (loss)
 per share $0.28 ($0.11) $0.52 ($0.11)
 Average number of
 shares
 outstanding 5,954,166 5,903,946 5,954,166 5,903,946
 -0- 11/10/93
 /CONTACT: Hans Turner, CFO of The Samuel Goldwyn Co., 310-552-2255/
 (SG)


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

MF-JB -- LA033 -- 2980 11/10/93 18:06 EST
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Publication:PR Newswire
Date:Nov 10, 1993
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