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SPECTRAN REPORTS THIRD QUARTER/NINE MONTHS GAINS; PLANS CAPACITY INCREASE

 SPECTRAN REPORTS THIRD QUARTER/NINE MONTHS GAINS;
 PLANS CAPACITY INCREASE
 STURBRIDGE, Mass., Oct. 28 /PRNewswire/ -- SpecTran Corporation (NASDAQ-NMS: SPTR), which develops, manufactures and markets glass optical fibers, today reported improved revenues and net income for the third quarter and nine months ended Sept. 30, 1992, and announced plans to increase production capacity.
 Third quarter net income increased 23 percent to $1,042,397 or $.19 per share from $846,566 or $.15 per share for the same period last year. Revenues for the quarter increased 18 percent to $5,181,854 from $4,374,337 for the third quarter of 1991.
 Net income for the nine months rose 76 percent to $3,502,002 or $.63 per share from $1,993,062 or $.36 per share for the 1991 nine-month period. Revenues for the nine months increased 39 percent to $16,048,139 from $11,572,136 for the same period of the previous year.
 Commenting on results, Raymond E. Jaeger, president and chief executive officer, said, "The substantial revenue growth in the first nine months of 1992 was generated by strong market demand for our multimode fiber products and the full utilization during 1992 of production capacity which first became operational during the second quarter of 1991.
 "SpecTran plans to increase its production capacity by the end of the first quarter of 1993, through the recommissioning of idle equipment and the purchase of new production equipment. The increase in production capacity will afford SpecTran the opportunity to keep pace with the growth in the U.S. market for data communications fiber which industry analysts project will range from 15 percent to 20 percent annually for the next three years and will require increased product sales both subject to and outside our Corning license.
 "The excellent results in the 1992 third quarter were achieved despite the two week plant shutdown which occurred at the beginning of the quarter. A continuation of strong market conditions during the 1992 fourth quarter raises the potential for another record year in sales and net income for SpecTran."
 SPECTRAN CORPORATION
 Financial Highlights (Unaudited)
 Periods ended Three months Nine months
 Sept. 30 1992 1991 1992 1991
 Net sales $5,181,854 $4,374,337 $16,048,139 $11,572,136
 Net income 1,042,397 846,566 3,502,002 1,993,062
 Average shares
 outstanding 5,496,019 5,523,715 5,569,371 5,509,869
 Net income
 per share $.19 $.15 $.63 $.36
 -0- 10/28/92
 /CONTACT: Bruce A. Cannon of SpecTran Corporation, 508-347-2261/
 (SPTR) CO: SpecTran Corporation ST: Massachusetts IN: SU: ERN


PS-OS -- NY045 -- 5913 10/28/92 10:59 EST
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Publication:PR Newswire
Date:Oct 28, 1992
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