Article: Danka Reports Higher First Quarter Operating Earnings From Continuing Operations; Strong Cash Flow Used to Continue Debt Reduction.

Business Editors

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Aug. 2, 2002

Danka Business Systems PLC (Nasdaq:DANKY) today announced results for its first quarter ended June 30, 2002 that show increased operating earnings from continuing operations, continued strong cash flow, and significant debt reduction. The company also announced that it has scheduled a conference call for Tuesday, August 13, 2002 to discuss these results.

Danka reported operating earnings from continuing operations of $15.0 million in the first quarter of fiscal year 2003, compared to a loss of $1.2 million in the comparable period a year ago. Earnings from continuing ...

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