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BUFFTON ANNOUNCES FIRST QUARTER PROFITS

 BUFFTON ANNOUNCES FIRST QUARTER PROFITS
 FORT WORTH, Texas, Jan. 29 /PRNewswire/ -- Robert H. McLean,


chairman of the board and president of Buffton Corporation (AMEX: BFX), announced today net income of $194,000, or $.05 per share on revenues of $12,935,000 for the first quarter ended Dec. 31, 1991. For the same period last year, the net loss was $402,000, or $.10 per share on revenues of $22,913,000.
 In making the announcement, McLean stated, "All of our subsidiaries are operating profitably. The positive results of the current quarter are a reflection of a number of actions taken over the past 12 months to reduce expenses, consolidate certain operations and sell assets to reduce debt. Our companies have been able to show improvement in spite of the continuing depressed state of the economy."
 BUFFTON CORPORATION
 Earnings Summary
 (In thousands, except per share amounts)
 (Unaudited)
 Period ended Quarter
 Dec. 31, 1991 1990
 Net revenues $12,935 $22,913
 Net income (loss) 194 (402)
 Net income (loss)
 per average
 common share .05 (.10)
 Buffton Corporation is a diversified group of companies engaged in the manufacture of avionic, electronic, and plastic products.
 -0- 1/29/92
 /CONTACT: Robert Korman, vice president and chief financial officer of Buffton, 817-332-4761/
 (BFX) CO: Buffton Corporation ST: Texas IN: SU: ERN SH -- NY068 -- 4865 01/29/92 15:45 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 29, 1992
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