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HECTOR COMMUNICATIONS ANNOUNCES FOURTH QUARTER RESULTS

 HECTOR COMMUNICATIONS ANNOUNCES FOURTH QUARTER RESULTS
 HECTOR, Minn., Feb. 20 /PRNewswire/ -- Hector Communications Corp.


(HCC) today announced revenues and net income for the fourth quarter and 12 months ended Dec. 31, 1991.
 Revenues for the fourth quarter and 12 months ended Dec. 31, 1991, were $1,192,000 and $4,186,000, respectively, up 35 percent and 15 percent from the same periods in 1990.
 Net income for the fourth quarter was $177,000, up 187 percent from the fourth quarter in 1990. Net income for the year was $492,000, down 17 percent from 1990. Results for the 1991 year to date were adversely affected by increased interest and depreciation expenses from the company's capital investment program and increased administrative costs from being an independent public company. Revenue and net income improvements in the fourth quarter were due primarily to increased access and long distance revenues, and year end adjustments.
 Per share earnings for the fourth quarter and 12 months were $.08 and $.22 compared to $.03 and $.26 for the similar periods in 1990.
 HCC, headquartered in Hector, operates five independent telephone companies serving nine rural communities in Minnesota and Wisconsin, and is involved in cellular telephone and cable television ventures.
 HECTOR COMMUNICATIONS CORPORATION
 CONSOLIDATED SUMMARY OF EARNINGS
 Three Months Ended Percent
 12/31/91 12/31/90 Increase
 (Decrease)
 Revenues $1,192,283 $883,604 35
 Income before income taxes 291,501 102,528 184
 Income taxes 115,000 41,000 180
 Net income $176,501 $61,528 187
 Net income per share $.08 $.03 167
 Average shares outstanding 2,260,000 2,254,000
 12 Months Ended Percent
 12/31/91 12/31/90 Increase
 (Decrease)
 Revenues $4,186,376 $3,633,717 15
 Income before income taxes 791,549 945,867 (16)
 Income taxes 300,000 355,000 (15)
 Net income $491,549 $590,867 (17)
 Net income per share $.22 $.26 (15)
 Average shares outstanding 2,257,000 2,254,000
 -0- 2/20/92
 /CONTACT: Steven H. Sjogren, Paul N. Hanson or Avis J. Johnson, 612-848-6611, all of Hector Communications/ CO: Hector Communications Corporation ST: Minnesota IN: TLS SU: ERN


AL -- MN006 -- 0944 02/20/92 12:48 EST
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Publication:PR Newswire
Date:Feb 20, 1992
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