
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, May 20, 1993                   TAG: 9305200033
SECTION: BUSINESS                    PAGE: B7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

REPORTED EARNINGS CHARMING SHOPPES

Charming Shoppes Inc. on Wednesday reported first-quarter net income of $20.2 million, or 19 cents a share, up 25 percent from $16.1 million, or 15 cents a share, for the 1992 quarter. First-quarter sales were $275.3 million, up 5 percent from $262.5 million.

The Bensalem, Pa.-based retail women's apparel chain operates Fashion Bug and Fashion Bug Plus stores in the Roanoke Valley.

The company opened 33 new stores during the period, bringing the total number of stores to 1,236. It expects to open 170 stores this year, bringing the projected number of units at year end to 1,340, a 10 percent increase.

Roanoke Electric Steel

Roanoke Electric Steel Corp., Roanoke-based maker of specialty steel products, Wednesday reported second-quarter net earnings of $949,242, or 18 cents per share, compared to $807,292, or 15 cents per share, in the 1992 quarter. Sales were $40.98 million, up 19 percent from $34.39 million.

For the six months ended April 30, net earnings were $1.5 million, or 28 cents per share, compared to $467,341, or 9 cents per share, in the 1992 period. Sales were $76.98 million, up 13 percent from $68.07 million.

by CNB