KMW SYSTEMS CORP <KMWS.O> 1ST QTR SEPT 30
Shr five cts vs eight cts
    Net 100,000 vs 176,000
    Revs 4,027,000 vs 3,649,000
    NOTE: 1986 qtr includes gain 90,000 dlrs, or four cts per
share, from tax gain.
 Reuter
