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EXHIBIT 11
WELLINGTON HALL, LIMITED AND SUBSIDIARIES
EARNINGS PER SHARE COMPUTATION
October 31, Years Ended April 30,
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1996 1996 1995 1994
Primary
Average shares outstanding 1,689,887 1,689,887 1,689,887 1,689,887
Net effect of dilutive stock
options and stock purchase
awards, based on the treasury
stock method using average
market price
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Total Shares 1,689,887 1,689,887 1,689,887 1,689,887
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Net Income (loss) 36,859 73,574 222,655 384,398
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Per share amount $ .02 $ .04 $ .13 $ 23
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Fully diluted:
Average shares outstanding 1,689,887 1,689,887 1,689,887 1,689,887
Net effect of dilutive stock
options and stock purchase
awards, based on the treasure
stock method using the year-
end market price if higher
than average market price
---------- ---------- ---------- -----------
Total Shares 1,689,887 1,689,887 1,689,887 1,689,887
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Net Income (loss) 36,859 73,574 222,655 384,398
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Per share amount $ .02 $ .04 $ .13 $ .23
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