ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Wednesday, October 23, 1996 TAG: 9610230054
SECTION: BUSINESS PAGE: B-5 EDITION: METRO
Carmike Cinemas Inc.
3rd qtr. ended 9-30 1996 1995
Revenues $121.1 million $112.4 million
Net Income $9.6 million $7.8 million
Share earnings 85 cents 70 cents
9 mos. ended 9-30
Revenues $318.0 million $267.6 million
Net Income ($11.5 million) $9.9 million
Share earnings ($1.02) 88 cents
Columbus, Ga.-based Carmike operates movie theaters in Western Virginia. Nine-months figures include after-tax charges of $28.2 million, or $2.50 per share, related to a change in accounting practices.
Home Shopping Network Inc.
3rd qtr. ended 9-30 1996 1995
Revenues $234.4 million $217.6 million
Net Income $7.1 million ($17.7 million)
Share earnings 7 cents (20 cents)
9 mos. ended 9-30
Revenues $733.9 million $658.8 million
Net Income $14.3 million ($36.2 million)
Share earnings 14 cents (41 cents)
Home Shopping of St. Petersburg, Fla., is a television retailer with an order-filling warehouse in Salem.
SWVA Bancshares Inc.
1st qtr. ended 9-30 1996 1995
Net Interest Income $611,000 $561,000
Net Income ($186,000) $66,000
Share earnings (38 cents) 13 cents
SWVA Bancshares Inc. of Roanoke, holding company of Southwest Virginia Savings Bank, experienced a first-quarter loss because of a one-time assessment of $355,000 to recapitalize the Savings Association Insurance Fund. Without the government assessment, the bank would have earned $108,000 or 22 cents per share. President B.L. Rakes said a reduction in fund premiums in the future should help the thrift.
Valley Financial Corp.
3rd qtr. ended 9-30 1996 1995
Net Interest Income $366,832 $174,093
Net Income ($63,429) ($236,511)
Share earnings (7 cents) (25 cents)
9 months ended 9-30
Net Interest Income $927,920 $478,800
Net Income ($717,659) (482,846)
Share earnings (74 cents) (62 cents)
Valley Financial Corp. of Roanoke, parent of Valley Bank, said it is well ahead of projections after operating about 18 months. The company said assets rose 82 percent to $44 million, deposits increased 125 percent to $36 million and loans increased 105 percent to $28 million.
*Figures in parentheses indicate a loss.
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