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

DATE: TUESDAY, July 20, 1993                   TAG: 9307200053
SECTION: BUSINESS                    PAGE: B5   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

FIRST COLONY CORP.

First Colony Corp., the Richmond-based financial services company and parent of First Colony Life Insurance Co. of Lynchburg, on Monday reported net income of $56.0 million, or $1.13 per share, for 1993's second quarter. That was up 61 percent over $34.6 million, or 70 cents per share, in the second quarter of 1992. For the first six months of 1993, net income was $112.7 million, or $2.28 per share, up 58 percent compared with $71.4 million, or $1.45 per share a year earlier.

Pre-tax operating income was $43.6 million for the quarter, up 8 percent from $40.5 million in 1992's second quarter. For the first six months, pre-tax operating income of $84.5 million was up 9 percent from $77.7 million for the comparable 1992 period.

Total revenues for the second quarter were $378 million, up 32 percent from a year ago. For the six months, total revenues were $737 million, up 28 percent from 1992.

by CNB