ALOETTE COSMETICS, INC. AND SUBSIDIARIES
EXHIBIT 11
SCHEDULE OF COMPUTATION OF EARNINGS PER SHARE
for the three and nine months ending September 30, 1996 and 1995
Three Months Nine Months
Ended September 30, Ended September 30,
1996 1995 1996 1995
----------- ----------- ----------- ------------
Net income (loss) $ 208,688 $ 24,093 $ 660,716 $(4,750,837)
Weighted average number of common shares
outstanding during the year 2,157,253 2,157,253 2,157,253 2,157,253
Net income (loss) per common share $ .10 $ .01 $ .31 $ (2.20)
PRIMARY (1)
Net income (loss) $ 208,688 $ 24,093 $ 660,716 $(4,750,837)
Weighted average number of shares used in
calculation of primary income (loss) per share 2,194,245 2,157,253 2,188,107 2,157,253
Primary net income (loss) per common share $ .10 $ .01 $ .30 $ (2.20)
FULLY DILUTED (1)
Net income (loss) $ 208,688 $ 24,093 $ 660,716 $(4,750,837)
Weighted average number of shares used in
calculation of fully diluted income (loss) per share 2,194,245 2,157,253 2,193,162 2,157,253
Fully diluted net income (loss) per common share $ .10 $ .01 $ .30 $ (2.20)
(1) This calculation is submitted in accordance with the regulations of the
Securities and Exchange Commission although not required by APB Opinion No.
15 because it results in dilution of less than 3%.