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HALIFAX REPORTS STRONG SECOND QUARTER

 ALEXANDRIA, Va., Nov. 3 /PRNewswire/ -- Halifax Corporation (AMEX: HX) today reported results for its second quarter and first half ended Sept. 30, 1993. Net income for the second quarter was $282,000, or 24 cents per share, on higher revenues of $18,326,000. For the six months net income was $329,000, or 28 cents per share, on revenues of $31,828,000. Profits for the quarter were 26 percent higher than for the comparable quarter of the previous year and substantially higher than for this year's first quarter.
 Howard Mills, president, stated, "The significantly improved second- quarter profits are due in part to the acquisition of EAI Services on June 30, 1993, and more in line with anticipated results for the third and fourth quarters.
 Halifax is an electronics services and facilities support company.
 HALIFAX CORPORATION
 Second Quarter Ended
 Sept. 30,
 1993 1992
 Revenues $18,326,000 $15,079,000
 Income before income taxes 458,000 361,000
 Income taxes $ 176,000 $ 139,000
 Net income $ 282,000 $ 222,000
 Net income per share $ 0.24 $ 0.19
 Weighted average number of
 common shares outstanding 1,195,471 1,186,179
 Six Months Ended
 Sept. 30,
 1993 1992
 Revenues $31,828,000 $29,211,000
 Income before income tax 535,000 686,000
 Income taxes 206,000 264,000
 Net income $ 329,000 $ 422,000
 Net income per share $ 0.28 $ 0.36
 Weighted average number of
 common shares outstanding 1,195,471 1,186,179
 -0- 11/3/93
 /CONTACT: Richard J. Smithson of Halifax, 703-750-2202/
 (HX)


CO: Halifax Corporation ST: Virginia IN: CPR SU: ERN

IH-KD -- DC011 -- 0057 11/03/93 10:41 EST
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Publication:PR Newswire
Date:Nov 3, 1993
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