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

DATE: WEDNESDAY, April 26, 1995                   TAG: 9504260100
SECTION: BUSINESS                    PAGE: B-7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

EARNINGS

Carmike Cinemas Inc., Columbus, Ga., operator of movie theaters including several in the Roanoke Valley, reported a first quarter net loss of $2.1 million, equal to 18 cents per share, on revenues of $63.9 million, compared with year-earlier net income of $1.7 million, or 20 cents per share, on revenues of $67.4 million.

Piedmont

Piedmont BankGroup Inc., based in Martinsville, on Tuesday reported record first quarter earnings of nearly $2.2 million, or 58 cents a share, an increase of 15 percent from $1.9 million, or 51 cents a share, from the same quarter a year ago.

The directors voted to increase the quarterly dividend from 17 cents to 20 cents a share. It will be payable June 23 to shareholders of record June 9.

Interest income, the difference between interest paid for deposits and interest earned on loans, rose 11 percent from last year to nearly $9 million.

Coastal Corp.

Coastal Corp. reported first quarter net earnings of $57.6 million, or 51 cents per share, on revenues of $2.62 billion, compared with year-earlier $81.1 million, or 73 cents per share, on revenues of $2.70 billion. Houston-based Coastal is parent of ANR Coal Co. and Coastal Coal Sales Co. of Roanoke.

Ingersoll-Rand

Ingersoll-Rand Co. reported first quarter net earnings of $46.3 million, or 44 cents per share, on sales of $1.19 billion, compared with year-earlier $33 million, or 31 cents per share, on sales of $1.01 billion.

The Woodcliff Lake, N.J., company operates a Rock Drill Division in Roanoke County.