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

DATE: SATURDAY, April 16, 1994                   TAG: 9404210015
SECTION: BUSINESS                    PAGE: A6   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

REPORTED EARNINGS

National Commerce Bancorporation of Nashville, Tenn., which owns the NBC banks in Western Virginia Kroger stores, has announced record first-quarter earnings.

Income was $10.1 million, up 11.9 percent from $9 million a year ago. Earnings per share rose from 36 cents to 41 cents.

Chairman Thomas Garrott attributed the performance to an improvement in interest earnings, rising fee income and a decrease in the provision for loan losses.

The bank has assets of $2.8 billion.

ETS International

ETS International Inc. of Roanoke reported Friday a loss of $61,689 for the third quarter of its fiscal year ended Feb. 28. That compares with a loss of $121,097 in last year's third quarter. Contract revenues were $974,877 compared with $884,440 for the same period last year.

The company, which specializes in toxic emission measurement and control, said this represented a 10 percent increase in revenues and half the loss compared to the prior year.

Chairman John McKenna said fewer new orders were received in January and February because of the severe winter weather, which also delayed execution of existing contracts.

For the nine months, revenues were $3.4 million compared with $2.98 million for the year-earlier period. Profit was $89,155, compared with a loss last year of $361,205. That was a 14 percent increase in revenues.

Flowers Industries

Flowers Industries Inc., Thomasville, Ga., baker with retail and distribution facilities in Roanoke, on Friday reported record third-quarter sales of $221.7 million, up 5 percent from $211.3 million in the 1993 period. Net income was $7.4 million, down 4 percent from $7.7 million. Net income per share was 20 cents, down 5 percent from 21 cents.

For the 36-weeks ended March 12, sales were $673.3 million, up 5 percent from $642 million the 1993 quarter. Net income was $20.2 million, down 6 percent from $21.6 million. Net income per share was 55 cents, down 7 percent from 59 cents.