Exhibit 11
PEN INTERCONNECT, INC.
CALCULATION OF EARNINGS PER SHARE
FOR THE THREE MONTH PERIOD ENDED
MARCH 31, 1996 & 1995
Months Weighted
Common Out- Average
1996 Shares standing Shares
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Balance at January 1, 1996 2,700,000 3 8,100,000
Balance at March 31, 1996 2,700,000 8,100,000
Weighted average number of shares for three months 2,700,000
Earnings for three months ended March 31, $ 71,684
Earnings per share $ 0.03
1995
Balance at Januray 1, 1995 1,700,000 3 5,100,000
Balance at March 31, 1995 1,700,000 5,100,000
Weighted average number of shares for three months 1,700,000
Earnings for three months ended March 31, $ 179,959
Earnings per share $ 0.11
FOR THE SIX MONTH PERIOD ENDED
MARCH 31, 1996 & 1995
1996
Balance at October 1, 1995 1,700,000 6 10,200,000
Issued shares November 17, 1995 1,000,000 4.5 4,500,000
Balance at March 31, 1996 2,700,000 14,700,000
Weighted average number of shares for six months 2,450,000
Earnings for six months ended March 31, $ 251,980
Earnings per share $ 0.10
1995
Balance at October 1, 1994 1,200,000 6 7,200,000
Issued shares in October 1994 500,000 6 3,000,000
Balance at March 31, 1995 1,700,000 10,200,000
Weighted average number of shares for six months 1,700,000
Earnings for six months ended March 31, $ 329,566
Earnings per share $ 0.19