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HECTOR COMMUNICATIONS CORPORATION ANNOUNCES FOURTH QUARTER RESULTS

 HECTOR, Minn., March 2 /PRNewswire/ -- Hector Communications Corp. (NASDAQ: HCCO) (HCC) today announced revenues and net income for the fourth quarter and year ended Dec. 31, 1992.
 Revenues for the fourth quarter and year ended Dec. 31, 1992, were $1,238,000 and $4,674,000, respectively, up 4 percent and 12 percent from the same periods in 1991.
 Net income for the fourth quarter was $123,000, down 30 percent from the same period in 1991. The earnings decline was due primarily to start up costs associated with the company's cable television operations. Net income for the year was $561,000, up 14 percent from 1991.
 Per share earnings for the fourth quarter and year were $.05 and $.25 compared to $.08 and $.22 for the same periods in 1991.
 HCC, headquartered in Hector, Minn., 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
 SUMMARY OF EARNINGS
 Three Months Ended Percent
 12/31/92 12/31/91 Incr./(Decr.)
 Revenues $1,237,896 $1,192,283 4
 Income before income taxes 182,952 291,501 (37)
 Income taxes 60,000 115,000 (48)
 Net income $122,952 $176,501 (30)
 Net income per share $.05 $.08 (38)
 Average shares outstanding 2,260,000 2,256,000
 12 Months Ended Percent
 12/31/92 12/31/91 Increase
 Revenues $4,673,897 $4,186,376 12
 Income before income taxes 880,835 791,549 11
 Income taxes 320,000 300,000 7
 Net income $560,835 $491,549 14
 Net income per share $.25 $.22 14
 Average shares outstanding 2,258,000 2,255,000
 -0- 3/2/93
 /CONTACT: Steven H. Sjogren, president; Paul N. Hanson, vice president - finance; or Avis J. Johnson, director shareholder relations; all of Hector Communications, 612-848-6611/
 (HCCO)


CO: Hector Communications ST: Minnesota IN: TLS SU: ERN

DS -- MN003 -- 1832 03/02/93 09:56 EST
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Publication:PR Newswire
Date:Mar 2, 1993
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