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CHANCELLOR ANNOUNCES SECOND QUARTER RESULTS

 BOSTON, Aug. 17 /PRNewswire/ -- Chancellor Corporation (NASDAQ: CHCR) reported a net loss of $1,182,000 (or 27 cents per share for the three months ended June 30, 1993. This compares with net earnings of $20,800 (or 1 cent per share) for the same period last year. The company's revenues declined to $3.8 million for the three months ended June 30, 1993 from $6.2 million for the corresponding period in 1992.
 CONSOLIDATED SUMMARY OF OPERATIONS
 (In thousands except per share amounts)
 Three Months Six Months
 Ended June 30 Ended June 30
 1993 1992 1993 1992
 Revenues $3,773 $6,170 $7,832 $12,030
 Net earnings ($1,182) $21 ($2,182) ($478)
 Average shares
 outstanding 4,375 3,870 4,030 3,871
 Net earnings
 (loss) per
 share (27 cents) 1 cent (39 cents) (12 cents)
 Founded in 1977, Chancellor Corporation has, in recent years, concentrated on the leasing of transportation equipment. It is also involved in the leasing of aircraft, communications, material handling and other equipment. Chancellor Corporation common stock is listed on the National Association of Securities Dealers (NASDAQ) Automated Quotation System (symbol "CHCR").
 -0- 8/17/93
 /CONTACT: Stephen G. Morison, president and chief executive officer or William J. Guthlein, vice president, treasurer, and chief financial officer, both of Chancellor Corporation, 617-728-8500/
 (CHCR)


CO: Chancellor Corporation ST: Massachusetts IN: TRN SU: ERN

JL -- NE011 -- 3557 08/17/93 12:32 EDT
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Publication:PR Newswire
Date:Aug 17, 1993
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