INTERNATIONAL MUREX TECHNOLOGIES CORPORATION
COMPUTATIONS OF EARNINGS PER SHARE (1)
THREE MONTHS ENDED
MARCH 31,
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1997 1996
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PRIMARY
Weighted average shares
outstanding during
the period 16,385 16,160
Shares issuable upon assumed
exercise of stock options
and warrants, less amounts
assumed repurchased under
the treasury stock method(2) 946
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Total common shares and
common share equivalents 17,331 16,160
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Net income (loss) $1,659 ($1,109)
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Primary per share amount $0.10 ($0.07)
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FULLY DILUTED(3)
Total common shares and
common share equivalents 17,331 16,160
Additional shares issuable
upon assumed exercise of
stock options and warrants,
less amounts assumed
repurchased under the
treasury stock method(2) ------- -------
Total 17,331 16,160
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Net income (loss) $1,659 ($1,109)
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Fully diluted per share amount $0.10 ($0.07)
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(1) Weighted average share and dollar amounts, except per share amounts,
are stated in thousands.
(2) Shares issued from assumed exercise of options and warrants include
the number of incremental shares which result from applying the
"treasury stock method" for options and warrants, APB Opinion No. 15,
paragraph 36. The options and warrants are antidilutive in 1996 and
are not included in the calculation.
(3) This calculation is submitted in accordance with 17 CPR 229.601(b)(11)
although not required by APB Opinion No. 15 because it results in
dilution of less than 3%.