SBD/18/Finance

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  • FINANCE NOTES

              The Marquee Group announced financial results for the
         year ended December 31, 1997, its first complete year as a
         public company.  For the year, revenues were $21.3M versus
         $2.9M for the previous year.  Earnings before interest,
         taxes, depreciation and amortization and non-recurring
         charges were $0.5M compared to a loss of $1.9M in '96.  For
         '97, the company posted a slight operating loss of $23,000
         compared to a loss of $2M the previous year.  The net loss
         for the year was $1.3M with a net loss per share of $0.15. 
         This compares with the previous year's net loss of $2.4M and
         net loss per common share of $1.03 (Marquee Group)....In CO,
         Erika Gonzalez reported that retailers nationally posted
         $1.68B in sales of snow sports equipment from August '97 to
         January '97, a 3.7% drop from the same period last year,
         according to SnowSports Industries America.  The group cited
         El Nino-related weather problems across the country as the
         reason for the decline (ROCKY MOUNTAIN NEWS, 3/17).
    
    

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