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

DATE: TUESDAY, July 19, 1994                   TAG: 9407200066
SECTION: BUSINESS                    PAGE: C7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

REPORTED EARNINGS

Dominion Resources Inc., Richmond parent of Virginia Power, reported second-quarter net income of $136.2 million, or 80 cents per share, compared with $103.1 million, or 63 cents, a year earlier. Operating revenues and income reached $1.11 billion, compared with $1.01 billion a year ago. For the half-year, net income rose to $277.6 million, or $1.64 per share, from year-ago $225.6 million, or $1.37. Revenues were $2.28 billion, up from $2.11 billion.

NationsBank Corp.

NationsBank Corp. Monday reported second-quarter income of $437 million, up 43 percent from $306 million the prior year. Earnings per share rose 32 percent, from $1.20 to $1.58.

For the first six months, NationsBank said it earned $854 million, or $3.10 a share, up 45 percent from $587 million, or $2.30.

Loans rose 23 percent, to $92.6 billion. Deposits increased from $81.3 billion to $91.4 billion, primarily reflecting last year's acquisitions.

NationsBank had assets of $147 billion at the end of the last quarter.

Home Shopping

Network

Home Shopping Network Inc., St. Petersburg, Fla., television retailer operating an order-filling warehouse in Salem, reported second-quarter net earnings of $1.9 million, or 2 cents per share, compared with year-earlier $1.6 million, or 2 cents. Sales rose to $274 million from $250.3 million. For the first six months, earnings were $8.6 million, or 9 cents per share, compared with a net loss of $22.2 million, or 17 cents. First-half sales were $548.2 million against $489.7 million.

United Dominion

Realty Trust

United Dominion Realty Trust, Richmond owner of apartments and industrial property in Roanoke and Salem, reported second-quarter rental income of $29.7 million and net income of $4 million, or 9 cents per share. That compares with year-earlier rental income of $21.7 million and net income of $2.3 million, or 6 cents per share. For the first six months, rental income was $56.4 million and net income was $7.4 million, or 18 cents per share. Year-earlier rental income was $41.9 million and net income was $4.8 million, or 14 cents per share.

Reynolds Metals

Reynolds Metals Co., Richmond aluminum products maker with recycling operations in Western Virginia, reported second-quarter net income of $12 million, or 5 cents per share, compared to a year-earlier net loss of $23 million or 38 cents per share. Revenues were $1.5 billion comnpared with $1.4 billion in the 1993 quarter. For the first six months, Reynolds posted a loss of $9 million, or 41 cents per share, compared with a loss of $56 million, or 93 cents. First-half revenues were $2.7 billion, compared with $2.6 billion in 1993.