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SPECTRAN REPORTS RECORD SECOND QUARTER AND SIX MONTHS REVENUES; EXPECTS GAINS IN SECOND HALF OPERATING RESULTS

 STURBRIDGE, Mass., July 22 /PRNewswire/ -- SpecTran Corporation (NASDAQ-NMS: SPTR), which develops, manufactures and markets glass optical fibers, today reported results for the second quarter and six months ended June 30, 1993.
 "Revenue growth continued in the second quarter of 1993, made possible in part by the completion during the first quarter of the capacity expansion begun last year. The capacity expansion was achieved through the recommissioning of the last of our idle equipment and the purchase of new equipment," Raymond E. Jaeger, president and chief executive officer, said. "Unit production costs improved during the 1993 second quarter compared with the preceding quarter as production yields and manufacturing efficiencies returned to more normal levels after the completion of this capacity expansion" he added.
 Net income for the second quarter was $878,893 or 16 cents per share, compared with $870,846 or 16 cents per share for the same period last year. Revenues for the quarter increased 12.5 percent to a quarterly record $6,165,624 from $5,479,329 for the second quarter of 1992.
 Net income for the six months was $1,584,598 or 29 cents per share, compared with $1,744,372 or 31 cents per share for the 1992 six month period. Revenues for the six months increased 9.6 percent to a six month record $11,913,322 versus $10,866,285 for the same period of the previous year.
 "Further capacity expansion form process improvements was begun during the first quarter and will continue throughout the year. With continued strong market demand, we expect these improvements will result in higher second half revenues and earnings compared with this year's first half, and improved operating results over 1992's second half," he concluded.
 SPECTRAN CORPORATION
 Financial Highlights
 (Unaudited)
 Three months Six months
 Periods ended June 30 1993 1992 1993 1992
 Net sales $6,165,624 $5,479,329 $11,913,322 $10,866,285
 Net income 878,893 870,846 1,584,598 1,744,372
 Net income per share .16 .16 .29 .31
 Average shares
 outstanding 5,434,485 5,599,304 5,454,302 5,594,327
 -0- 7/22/93
 /CONTACT: Bruce A. Cannon of SpecTran, 508-347-2261/
 (SPTR)


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

MPWB -- NY047 -- 4538 07/22/93 12:22 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
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