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BANISTER REPORTS RESULTS FOR THE THREE MONTHS ENDED JUNE 30, 1992

 BANISTER REPORTS RESULTS FOR THE THREE MONTHS ENDED JUNE 30, 1992
 TORONTO, Aug. 6 /PRNewswire/ -- Banister Inc. (AMEX: BAN) today reported net income of $816,000 or 14 cents per share on revenues of $79,739,000 for the three months ended June 30, 1992. This compares with a net loss of $2,766,000 or 46 cents per share on revenues of $99,110,000 for the same period last year.
 For the six months ended June 30, 1992, net income of $1,055,000 or 18 cents per share was reported on revenues of $134,259,000 compared with a net loss of $4,524,000 or 76 cents per share on revenues of $185,847,000 for the same period in 1991.
 The company is encouraged by the first half profits and enters the second half of the year with a backlog of work totalling $205,624,000.
 Banister Inc. is a Canadian based construction firm specializing in building, civil, industrial, pipeline and utility construction.
 -0- 8/06/92
 /CONTACT: E.R. Austin, president and chief executive officer, or C.N. D'Croix, vice president and chief financial officer of Banister, 416-754-8735/
 (BAN) CO: Banister Inc. ST: Ontario IN: CST SU: ERN


TS -- NY072 -- 7623 08/06/92 12:50 EDT
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Publication:PR Newswire
Date:Aug 6, 1992
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