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NATIONAL HOME HEALTH CARE ANNOUNCES RESULTS

 YONKERS, N.Y., Nov. 15 /PRNewswire/ -- National Home Health Care Corp. (NASDAQ-NMS: NHHC) announced net income for the fiscal year ended July 31, 1993 was approximately $848,000 or $.18 per share as compared to $1,847,000 or $.39 per share for the corresponding period of 1992. The company took a one time write-off of approximately $800,000 or $.17 per share in connection with the discontinued operations of Hitech Home Care.
 Net income from continuing operations for the fiscal year ended July 31, 1993 was approximately $1,648,000 or $.35 per share as compared to $1,894,000 or $.40 per share for the fiscal year ended July 31, 1992. Net income from continuing operations declined due to smaller operating margins within the company in fiscal 1993. Revenues for the fiscal year ended July 31, 1993 were approximately $23,070,000 as compared to $21,884,000 for the fiscal year ended July 31, 1992.
 For the fourth quarter ended July 31, 1993, the company recorded a net loss of approximately $284,000 or $.06 per share as compared to a net income of approximately $429,000 or $.09 per share for the comparable period of 1992. The company took a one time write-off of approximately $660,000 or $.14 per share as a result of the discontinued operations of Hitech Home Care.
 Net income from continuing operations for the fourth quarter ended July 31, 1993 was approximately $376,000 or $.08 per share as compared to net income of approximately $477,000 or $.10 per share for the comparable quarter ended July 31, 1992. Revenues for the fiscal 1993 fourth quarter were approximately $6,028,000 as compared to $5,787,000 for the corresponding three month period of 1992.
 -0- 11/15/93
 /CONTACT: Robert P. Heller, chief financial officer of National Home Health Care Corp., 914-776-6800/
 (NHHC)


CO: National Home Health Care Corp. ST: New York IN: HEA SU: ERN

LD -- NY128 -- 4664 11/15/93 16:42 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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