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BANISTER INC. REPORTS RESULTS

 TORONTO, May 26 /PRNewswire/ -- Banister Inc. (AMEX: BAN) today announced, for the three months ended March 31, 1993, net income of $511,000 or 9 cents per share on revenue of $71,710,000. This compares with a net income of $239,000 or 4 cents per share on revenue of $54,520,000 for the same period in 1992.
 At March 31, 1993, the corporation recorded a work backlog of $238,000,000 compared to $170,000,000 for the corresponding period in 1992. Since the end of the 1993 first quarter, backlog has increased to $400,000,000.
 Banister Inc. is a Canadian based building, civil, industrial, pipeline and utility construction company with operations world-wide.
 TSE, MSE, ASE (BAC)
 AMEX (BAN)
 -0- 5/26/93
 /CONTACT: E.R. Austin, president and chief executive officer, or C.N. D'Croix, vice president and chief financial officer, 416-754-8735, both of Banister Inc./
 (BAN)


CO: Banister Inc. ST: Ontario IN: CST SU: ERN

SM -- NY062 -- 2582 05/26/93 16:03 EDT
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Publication:PR Newswire
Date:May 26, 1993
Words:170
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