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

DATE: SATURDAY, July 29, 1995                   TAG: 9507310052
SECTION: BUSINESS                    PAGE: A6   EDITION: METRO 
SOURCE: STAFF REPORTS
DATELINE:                                 LENGTH: Medium

TIRE MANUFACTURER'S INCOME DECLINED FROM LAST YEAR

Brad Ragan Inc., a Charlotte, N.C.-based producer of retreaded tires for off-highway vehicles and tire retailer with outlets in the Roanoke Valley, reported second-quarter net income of $1.5 million, or 67 cents per share, on revenues of $66.9 million. Last year's income was $2.4 million, or $1 per share, on revenues of $66.3 million. For the six months, net income was $1.4 million, or 64 cents per share, on revenues of $122.8 million, compared with year-earlier $2.4 million, or $1.04 per share, on revenues of $118.7 million.

\ CFW Communications

CFW Communications Co. of Waynesboro reported second-quarter income of $1.7 million, an increase of 1.8 percent over the prior year. Earnings per share were 13.4 cents this year, compared with 14.4 cents for the same period last year. This reduction was primarily caused by the company's sale of 1.2 million shares during the summer of 1994. The company said the six-month income from its telephone, network and cellular divisions posted an increase of $524,000, or 11.4 percent, while services and wireless cable had losses of $1.2 million because of heavy start-up costs.

Hubbell

Hubbell Inc., Orange, Conn., maker of industrial wiring and controls with a plant in Christiansburg, reported second-quarter net income of $30.1 million, or 90 cents per share, on sales of $295 million, compared with year-earlier $26.5 million, or 79 cents, on sales of $261.9 million. For six months, net income was $58.5 million, or $1.76 per share, on sales of $573.4 million, compared with $50.8 million, or $1.53, on sales of $468.9 million.

Intermet Corp.

Intermet Corp., Atlanta parent of the Radford Shell Plant - formerly Lynchburg Foundry - and the New River Casting facility, also in Radford, reported second-quarter net income of $9.5 million, or 39 cents per share, on sales of $149 million, compared with year-earlier $2.4 million, or 10 cents per share, on sales of $124.6 million. For the six months, net income was $16.1 million, or 65 cents per share, on sales of $302.3 million, compared with year-earlier $4.1 million, or 17 cents per share, on sales of $234.5 million.

by CNB