INTERNATIONAL MUREX TECHNOLOGIES CORPORATION
COMPUTATION OF EARNINGS PER SHARE (1)
Three Months Six Months
Ended Ended
June 30, June 30,
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1997 1996 1997 1996
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PRIMARY
Weighted average shares outstanding
during the period 16,482 16,165 16,434 16,162
Shares issuable upon assumed exercise
of stock options and warrants, less
amounts assumed repurchased under
the treasury stock method(2) 870 906
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Total common shares and common
shares equivalents 17,352 16,165 17,340 16,162
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Net income (loss) $2,089 ($174) $3,748 ($1,283)
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Primary per share amount $0.12 ($0.01) $0.22 ($0.08)
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FULLY DILUTED (3)
Total common shares and common
share equivalents 17,352 16,165 17,340 16,162
Additional shares issuable upon
assumed exercise of stock options
and warrants, less amounts assumed
repurchased under the treasury
stock method(2) 59 37
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Total 17,411 16,165 17,377 16,162
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Net income (loss) $2,089 ($174) $3,748 ($1,283)
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Fully diluted per share amount $0.12 ($0.01) $0.22 ($0.08)
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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 CFR 229.601(b)(11) although not required by APB
Opinion No. 15 because it results in dilution of less
than 3%.