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HECTOR COMMUNICATIONS CORPORATION ANNOUNCES SECOND QUARTER RESULTS

 HECTOR, Minn., July 27 /PRNewswire/ -- Hector Communications Corp. (NASDAQ: HCCO) (HCC) today announced revenues and net income for the second quarter and six months ended June 30, 1993.
 Revenues for the second quarter and six months ended June 30, 1993 were $1,377,000 and $2,676,000, respectively, up 20 percent and 21 percent from the same periods in 1992.
 Net income for the second quarter and six months was $201,000 and $343,000 respectively, up 23 percent and 25 percent from the same periods in 1992. Per share earnings for the second quarter and six months were $.09 and $.15 respectively, compared to $.07 and $.12 for the same periods in 1992.
 HCC, headquartered in Hector, operates five independent telephone companies serving nine rural communities in Minnesota and Wisconsin. HCC also owns and operates cable television systems in Minnesota and Wisconsin and is involved in cellular telephone ventures.
 HECTOR COMMUNICATIONS CORPORATION
 SUMMARY OF EARNINGS
 Three Months Ended Percent
 6/30/93 6/30/92 Increase
 Revenues $1,376,853 $1,148,853 20
 Operating income 426,671 342,063 25
 Income before income taxes 325,857 257,850 26
 Income taxes 125,000 95,000 32
 Net income $200,857 $162,850 23
 Net income per share $.09 $.07 29
 Average shares outstanding 2,260,000 2,256,000 --
 Six Months Ended Percent
 6/30/93 6/30/92 Increase
 Revenues $2,676,059 $2,216,546 21
 Operating income 767,333 613,672 25
 Income before income taxes 557,516 439,310 27
 Income taxes 215,000 165,000 30
 Net income $342,516 $274,310 25
 Net income per share $.15 $.12 25
 Average shares outstanding 2,260,000 2,256,000 --
 -0- 7/27/93
 /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 Corp. ST: Minnesota IN: TLS SU: ERN

KH -- MN009 -- 6195 07/27/93 11:42 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
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