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WORLD ACCEPTANCE CORPORATION REPORTS THIRD QUARTER RESULTS

 GREENVILLE, S.C., Jan. 12 /PRNewswire/ -- World Acceptance Corporation (NASDAQ: WRLD) reported its operating results for the third quarter ended Dec. 31, 1993.
 Net income for the current quarter amounted to $913,000 compared to $550,000 for the three months ended Dec. 31, 1992, representing a 66% increase. Earnings per share were $.13 for the current quarter, a 63% increase over the $.08 earned during the corresponding quarter of the previous year. Total revenues for the period were $13.2 million, representing an 18.8% increase over the $11.1 million during the prior year quarter.
 For the nine-month period ended Dec. 31, 1993, net income amounted to $3,232,000, or $.47 per share, compared to $2,390,000, or $.35 per share for the corresponding nine-month period of the prior year period. Total revenues for the current nine-month period were $36.9 million, a 15.0% increase over the $32.1 million for the nine months ended Dec. 31, 1992.
 Total loans outstanding reached record levels at the end of the quarter as a result of a very busy Christmas season. The Company had $80.6 million in gross loans at Dec. 31, 1993, which was a 16.9% increase over the $68.9 million outstanding at Dec. 31, 1992.
 Charles D. Walters, Chairman and Chief Executive Officer, indicated that he was very pleased with the Company's growth during the current year. He reported the acquisition of three additional offices in Texas during the current quarter, making the total increase in offices for the current fiscal year 27 offices.
 World Acceptance Corporation is one of the largest small-loan consumer finance companies, operating 218 offices in South Carolina, Georgia, Texas, Oklahoma, Louisi,? and Tennessee.
 WORLD ACCEPTANCE CORPORATION
 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
 (Unaudited and in thousands, except per share amounts)
 Three Months Ended Nine Months Ended
 Dec. 31, Dec. 31,
 1993 1992 1993 1992
 Revenues $ 13,199 11,110 36,860 32,062
 Expenses:
 Provision for loan losses 1,648 1,336 3,696 3,132
 General and
 administrative expenses 8,205 6,995 22,295 19,072
 Interest expense 875 1,045 2,789 3,311
 Amortization of
 intangible assets 969 876 2,824 2,622
 Total expenses 11,697 10,252 31,604 28,137
 Income before taxes 1,502 858 5,256 3,925
 Income taxes 589 308 2,024 1,535
 Net income $ 913 550 3,232 2,390
 Per share data:
 Earnings per share $ .13 .08 .47 .35
 Weighted average shares
 outstanding 6,920 6,918 6,919 6,918
 CONDENSED CONSOLIDATED BALANCE SHEETS
 (Unaudited and in thousands)
 Dec. 31, March 31, Dec. 31,
 1993 1993 1992
 ASSETS
 Cash $ 969 483 470
 Loans receivable, net 60,048 46,677 51,399
 Property and equipment, net 3,003 1,538 1,588
 Intangible assets 12,168 12,770 13,596
 Other assets 2,481 1,980 2,825
 $ 78,669 63,448 69,878
 LIABILITIES AND SHAREHOLDERS' EQUITY
 Liabilities:
 Notes payable 43,557 32,832 41,319
 Income taxes 6,060 6,606 5,789
 Accounts payable and
 accrued expenses 4,750 3,008 3,777
 Total liabilities 54,367 42,446 50,885
 Shareholders' equity 24,302 21,002 18,993
 $ 78,669 63,448 69,878
 -0- 1/12/94
 /CONTACT: Sandy McLean, chief financial officer, World Acceptance Corporation, 803-277-4570/
 (WRLD)


CO: World Acceptance Corporation ST: South Carolina IN: FIN SU: ERN

CM-JM -- CH004 -- 1353 01/12/94 10:38 EST
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Date:Jan 12, 1994
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