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HECTOR COMMUNICATIONS CORPORATION ANNOUNCES THIRD QUARTER RESULTS

 HECTOR, Minn., Oct. 27 /PRNewswire/ -- Hector Communications Corp. (NASDAQ-NMS: HCCO) (HCC) today announced revenues and net income for the third quarter and nine months ended Sept. 30, 1993.
 Revenues for the third quarter and nine months ended Sept. 30, 1993, were $1,313,000 and $3,989,000, respectively, up 8 percent and 16 percent from the same periods in 1992.
 Net income for the third quarter and nine months was $116,000 and $459,000, respectively, down 29 percent from the 1992 third quarter and up 5 percent from the 1992 nine months. The earnings decline in the third quarter was due primarily to increased operating and depreciation expenses in the telephone companies, which more than offset increases in revenues. Per share earnings for the third quarter and nine months were $.05 and $.20, respectively, compared to $.07 and $.19 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
 Percent
 Three Months Ended Increase
 9/30/93 9/30/92 (decrease)
 Revenues $1,313,369 $1,219,455 8
 Operating income 301,167 355,700 (15)
 Income before income taxes 191,271 258,573 (26)
 Income taxes 75,000 95,000 (21)
 Net income $116,271 $163,573 (29)
 Net income per share $.05 $.07 (29)
 Average shares outstanding 2,266,000 2,257,000 --
 Percent
 Nine Months Ended Increase
 9/30/93 9/30/92 (decrease)
 Revenues $3,989,428 $3,436,001 16
 Operating income 1,068,500 969,372 10
 Income before income taxes 748,787 697,883 7
 Income taxes 290,000 260,000 12
 Net income $458,787 $437,883 5
 Net income per share $.20 $.19 5
 Average shares outstanding 2,264,000 2,257,000 --
 -0- 10/27/93
 /CONTACT: Steven H. Sjogren, president; or Paul N. Hanson, vice president, finance; or Avis J. Johnson, director shareholder relations, of Hector Communications, 612-848-6611/
 (HCCO)


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

DB-DS -- MN010 -- 7393 10/27/93 14:10 EDT
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Publication:PR Newswire
Date:Oct 27, 1993
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