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

DATE: FRIDAY, February 10, 1995                   TAG: 9502100113
SECTION: BUSINESS                    PAGE: A-9   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

REPORTED EARNINGS

CFW Communications Co., Waynesboro telephone company operating in the Waynesboro and Clifton Forge areas, reported 1994 net income of $7.6 million, or 63 cents per share, on revenues of $32.7 million, compared with year-earlier $7.2 million, or 62 cents per share, on revenues of $27.4 million. For the fourth quarter, net income was $2.1 million, or 17 cents per share, on revenue of $8.9 million, compared with year-earlier $1.7 million, or 14 cents per share, on revenue of $7.1 million.

Food Lion

Food Lion Inc., Salisbury, N.C., supermarket chain with stores in Western Virginia, reported 1994 net income of $152.9 million, or 32 cents per share, on sales of $7.93 billion, compared with year-earlier $3.9 million, or less than a penny per share, on sales of $7.61 billion. For the fourth quarter, net income was $50.4 million, or 10 cents per share, on sales of $2.46 billion, compared with a year-earlier net loss of $73.4 million, equal to 15 cents per share, on sales of $2.40 billion.

Intermet

Intermet Corp., Atlanta owner of Lynchburg Foundry Co. in Radford, reported a 1994 net loss of $10.9 million, equal to 45 cents per share, on sales of $501.3 million, compared with the year-earlier net loss of $20.5 million, equal to 83 cents per share, on sales of $444.2 million. For the fourth quarter, the net loss was $15.5 million, equal to 63 cents per share, on sales of $136.8 million, compared with the year-earlier net loss of $1.2 million, equal to 2 cents per share, on sales of $106.1 million.

SWVA Bancshares

SWVA Bancshares Inc., Roanoke holding company for Southwest Virginia Savings Bank, reported net income of $114,000, or 22 cents per share, for its second quarter ended Dec. 31 - its first full quarter as a public company. For the six months, net income was $195,000, equal to 37 cents per share, on net interest income of $1.1 million, compared with year-earlier $406,000 on net interest income of $1.1 million.