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THE MISCHER CORPORATION REPORTS FIRST QUARTER RESULTS FOR 1993

 HOUSTON, May 14 /PRNewswire/ -- The Mischer Corporation (NASDAQ: MSHR) today reported a net income of $66,000 or $.02 per share for the quarter ended March 31, 1993 compared to net loss of $729,000 or $.23 per share for the quarter ended March 31, 1992. Net income for the quarter ended March 31, 1993, included the company's share of a gain in the amount of $287,000 from the sale of an apartment complex owned by a joint venture in which the company has an equity interest.
 The company is engaged in real estate development and management primarily in the Houston area.
 THE MISCHER CORPORATION
 Consolidated Summary Of Income (loss)
 Three Months Ended March 31, 1993 1992
 Revenues $ 1,095,000 $ 558,000
 Net income (loss) 66,000 (729,000)
 Income (loss) per common share 0.02 (0.23)
 -0- 5/14/93
 /CONTACT: Eric Schumann of The Mischer Corporation, 713-869-7800/
 (MSHR)


CO: Mischer Corporation ST: Texas IN: SU: ERN

LD -- NY087 -- 8854 05/14/93 17:52 EDT
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Publication:PR Newswire
Date:May 14, 1993
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