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THE RANDERS GROUP INCORPORATED REPORTS RESULTS OF OPERATIONS FOR 1992

 MUSKEGON, Mich., March 25 /PRNewswire/ -- The Randers Group Incorporated (AMEX-ECM: RGI) reported results of operations for 1992. The company reported a net loss of $212,000 (2 cents per share) for the year on revenues of $6,822,000 compared with earnings of $198,000 (2 cents per share) on revenues of $11,908,000 for 1991.
 Net income for the three months ended Dec. 31, 1992 was $2,000 (0 cents per share) compared with a net loss of $34,000 (0 cents per share) for the fourth quarter of 1991.
 THE RANDERS GROUP INCORPORATED
 Quarter Ended Year Ended
 Dec. 31, Dec. 31,
 1992 1991 1992 1991
 Revenues $2,649,000 $1,789,000 $6,822,000 $11,908,000
 Net income (loss) $2,000 ($34,000) ($212,000) $198,000
 Earnings (loss)
 per share $00 ($00) ($.02) $.01
 Average No. of
 shares
 outstanding 14,097,500 14,294,825 14,081,962 14,085,033
 The Randers Group Incorporated provides construction-related services including design, project management, consulting, development and general contracting.
 Although disappointed with the results for 1992, management remains optimistic about the future. The company reported increased revenues for each quarter of 1992 reversing a trend that started in the first quarter of 1991. Revenues increased from a low of $1,009,000 for the first quarter of 1992 to $2,649,000 for the fourth quarter of the year. Management was encouraged by the fact that the company reported an operating profit for the third and fourth quarter of 1992 after three consecutive quarters of operating losses.
 Management believes that the steps taken by the company to expand its geographic base of operations, increase efficiency while retaining quality people and expand its marketing efforts have strengthened the company and positioned it for future growth.
 -0- 3/25/93
 /CONTACT: LaWanda Furlough of The Randers Group, 616-733-0036/
 (RGI)


CO: The Randers Group Incorporated ST: Michigan IN: SU: ERN

ML-KE -- DE010 -- 9630 03/25/93 13:27 EST
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Publication:PR Newswire
Date:Mar 25, 1993
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