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BUFFTON CORPORATION ANNOUNCES FOURTH QUARTER AND ANNUAL RESULTS

 FORT WORTH, Texas, Nov. 22 /PRNewswire/ -- Robert H. McLean, chairman of the board and president of Buffton Corporation (ASE: BFX), announced today net income of $241,000, or $.05 per share on revenues of $11,698,000 for its fourth quarter ended Sept. 30, 1993. For the same period last year, the net loss was $995,000, or $.22 per share on revenues of $10,860,000.
 For the year ended Sept. 30, 1993, net income was $264,000, or $.06 per share on revenues of $45,746,000. For the same period last year, the net loss was $4,953,000, or $1.11 per share, including the loss of $3,370,000, or $.76 per share from discontinued operations on revenues of $43,087,000.
 In making the announcement, McLean stated, "We are pleased that we have achieved our first profitable year since 1988. The fourth quarter results represent our third consecutive profitable quarter. The improvement in the current quarter can be attributed primarily to the improvement in our electronics businesses."
 McLean concluded, "We anticipate continued profitablility throughout the new fiscal year."
 BUFFTON CORPORATION
 Earnings Summary
 (In thousands, except per share amounts)
 For the Quarter Ended For the Year Ended
 Sept. 30, Sept. 30,
 1993 1992 1993 1992
 Net revenues $11,698 $10,860 $45,746 $43,087
 Income (loss) from
 continuing operations 241 (995) 264 (1,583)
 Discontinued operation:
 Income from operations -- -- -- 483
 Loss on disposal -- -- -- (3,853)
 Total -- -- -- (3,370)
 Net income (loss) $ 241 $ (995) $ 264 $(4,953)
 Income (loss) per
 average common share:
 Continuing
 operations $ .05 $ (.22) $ .06 $ (.35)
 Discontinued
 operations -- -- -- (.76)
 Net income (loss) $ .05 $ (.22) $ .06 $ (1.11)
 Buffton Corporation is engaged in the manufacture of electronic and plastic products.
 -0- 11/22/93
 /CONTACT: Robert Korman, vice president and CFO of Buffton, 817-332-4761/
 (BFX)


CO: Buffton Corporation ST: Texas IN: CPR SU: ERN

LG -- NY067 -- 6836 11/22/93 13:20 EST
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Publication:PR Newswire
Date:Nov 22, 1993
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