ROANOKE TIMES
Copyright (c) 1997, Roanoke Times
DATE: Wednesday, April 23, 1997 TAG: 9704230068
SECTION: BUSINESS PAGE: B-5 EDITION: METRO
Allstate Corp.
1st qtr. ended 3-31 1997 1996
Revenues $6.18 billion $5.90 billion
Net Income $767 million $424 million
Share earnings $1,73 94 cents
Allstate Corp. is a Northbrook, Ill., insurance company with a regional operations center in Roanoke County.
BellSouth Corp.
1st qtr. ended 3-31 1997 1996
Revenues $4.8 billion $4.5 billion
Net Income $693 million $970 million
Share earnings 70 cents 98 cents
BellSouth Corp. is the Atlanta-based parent of BellSouth Communication Systems of Roanoke. The company's profits fell in 1997 because it sold its paging business for $344 million last year.
Carmike Cinemas Inc.
1st qtr. ended 3-31 1997 1996
Revenues $108.5 million $92.2 million
Net Income $4.0 million $2.3 million
Share earnings 35 cents 20 cents
Carmike Cinemas is the Columbus, Ga.-operator of movie theaters in the Roanoke Valley.
Chesapeake Corp.
1st qtr. ended 3-31 1997 1996
Revenues $294.5 million $277.7 million
Net Income ($3.5 million) $7.9 million
Share earnings (15 cents) 33 cents
Chesapeake Corp. is a Richmond-based forest company with operations of its Chesapeake Packaging Co. division in Roanoke. Unfavorable pricing conditions on Kraft products affected profits, the company said.
Hubbell Inc.
1st qtr. ended 3-31 1997 1996
Revenues $324.7 million $304.6 million
Net Income $36.3 million $31.7 million
Share earnings 53 cents 47 cents
Orange, Conn.-Hubbell Inc. is a manufacturer of industrial wiring and controls with a plant in Christiansburg.
Kollmorgen Corp.
1st qtr. ended 3-31 1997 1996
Revenues $50.6 million $57.0 million
Net Income $2,0 million $1.6 million
Share earnings 20 cents 14 cents
Kollmorgen Corp., based in Waltham, Mass., is parent of Inland Motor and Industrial Drives in Radford.
Penn Virginia Corp.
1st qtr. ended 3-31 1997 1996
Revenues $10 million $8.9 million
Net Income $4.7 million $4.3 million
Share earnings $1.10 $1
Penn Virginia is the Philadelphia owner of coal deposits in Southwest Virginia.
*Figures in parentheses indicate a loss.
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