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GCI REPORTS SECOND QUARTER 1993 PROFIT

 ANCHORAGE, Alaska, Aug. 16 /PRNewswire/ -- General Communication Inc. (GCI) (NASDAQ: GNCMA) today reported a consolidated net income for the second quarter of 1993 totaling $476,000 or 2 cents per share. This compares with second quarter 1992 net income of $338,000 also 2 cents per share. Net income for the six-month period ended June 30, 1993 totaled $1,055,000 or 4 cents per share, compared with $583,000 during the same period of 1992 also 4 cents per share.
 Year-to-date revenues through June 1993 totaled $48,339,000, a 4.5 percent increase over 1992 revenues for the same period of $46,279,000. Revenues for the second quarter of 1993 totaled $24,667,000, a 1.6 percent increase over second quarter 1992 revenues of $24,277,000.
 Operating income through June 1993 increased to $2,916,000 as compared to 1992 operating income of $2,828,000 for the same period. The increase occurred in spite of increases in access charges. Operating income for the second quarter of 1993 totaled $1,234,000 as compared to second quarter 1992 operating income of $1,420,000.
 GCI Executive Vice President and General Manager Wilson Hughes attributed the improvement in revenues to a steadily increasing business market share and ongoing cost containment measures.
 "GCI's increase in market share is due in part to the introduction of 800 Portability on May 1, 1993," said Hughes. "Customers can now keep their same toll-free number and move that number to the carrier of their choice. GCI has experienced incredible gains in the toll-free number arena with 800 customers switching their numbers from the competition to GCI at a ratio of better than 20 to one."
 Hughes added that cost containment efforts are an ongoing corporate objective. Although revenues for 1993 have increased as compared to 1992, operating costs for the two years have remained relatively level.
 GCI, an Alaska-based and -operated company, provides long-distance and data services to more than 100,000 customers throughout Alaska.
 -0- 8/16/93
 /CONTACT: John Lowber, 907-265-5600, or Linda Duck, 907-265-5458, or Wilson Hughes, 907-265-5608, all of GCI; or Bonnie Bernholz of Bernholz & Graham, 907-561-4488, for GCI/
 (GNCMA)


CO: General Communication Inc. ST: Alaska IN: TLS SU: ERN

AL-JH -- SE012 -- 3325 08/16/93 18:42 EDT
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Publication:PR Newswire
Date:Aug 16, 1993
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