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SPECTRAN REPORTS FIRST QUARTER RESULTS

 STURBRIDGE, Mass., April 28 /PRNewswire/ -- SpecTran Corporation (NASDAQ: SPTR), which develops, manufactures and markets glass optical fibers, today reported record revenues, but lower net income for the first quarter ended March 31, 1993.
 Net income for the 1993 first quarter was $705,705 or 13 cents per share, compared with the record net income of $873,526 or 16 cents per share for the same period last year. First quarter revenues increased to $5,747,698 from $5,386,957 for the first quarter of 1992. Results for the first quarter of 1992 were restated to give effect to the company's adoption of Statement of Financial Accounting Statement No. 109.
 "Revenues in this year's first quarter grew 6.9 percent despite an approximately 5 percent decline in fiber selling prices. Certain anticipated ramp-up costs associated with the previously announced capacity expansion program adversely affected margins, contributing to the earnings for the quarter which approximated those of the third and fourth quarters of 1992," Raymond E. Jaeger, president and chief executive officer, said.
 "Expansion activities are nearing completion, providing the capacity to accommodate higher revenues and improved margins. With a continued strong market demand we expect earnings for the remainder of the year to exceed those of the first quarter and be more comparable to the prior year's periods. Revenues should continue to surpass 1992 levels," he concluded.
 SPECTRAN CORPORATION
 Financial Highlights
 (Unaudited)
 Three months ended March 31 1993 1992(A)
 Net sales $5,747,698 $5,386,957
 Net income $ 705,705 $ 873,526
 Average shares outstanding 5,474,119 5,589,349
 Net income per share $.13 $.16
 (A) -- Restated to give effect to the company's adoption of Statement of Financial Accounting Statements No. 109.
 -0- 4/28/93
 /CONTACT: Bruce A. Cannon of SpecTran, 508-347-2261/
 (SPTR)


CO: SpecTran Corporation ST: Massachusetts IN: SU: ERN

GK-PS -- NY036 -- 1882 04/28/93 10:21 EDT
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Date:Apr 28, 1993
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