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

DATE: THURSDAY, November 18, 1993                   TAG: 9311200263
SECTION: BUSINESS                    PAGE: B-9   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

REPORTED EARNINGS

Charming Shoppes, Inc., the Bensalem, Pa.-based retail women's apparel chain operating Fashion Bug and Fashion Bug Plus shops, on Wednesday reported third-quarter net income of $15.2 million, or 14 cents per share, compared with $17.4 million, or 16 cents per share, in the 1992 quarter. Sales were $313 million, up 8 percent from $289.5 million.

For the nine months ended Oct. 30, net income was $55.98 million, or 52 cents per share, against $55.2 million, or 51 cents per share, for the 1992 period. Sales rose 7 percent, to $896.9 million from $841.5 million.

Westvaco Corp.

Westvaco Corp., New York manufacturer of paper, packaging and chemicals with a bleached-board division in Covington, on Wednesday reported sales of $2.3 billion during the fiscal year ended Oct. 31. Net income was $104 million, or $1.57 per share, a 23 percent drop from 1992 net income of $136 million, or $2.06 per share.

In the fourth quarter, the company reported a net loss of $13.7 million, or 20 cents per share, compared with $32.8 million, or 50 cents a share, in the 1992 quarter.

Yearly and quarterly earnings were affected by major accounting changes and policy decisions, the company said.

Westmoreland Coal

Westmoreland Coal Co., Philadelphia-based producer and marketer of coal with operations in Wise and Lee counties, reported a third-quarter net loss of $3.9 million compared with a net loss of $3.1 million in the 1992 quarter.

Revenues were $116.03 million, mostly from coal sales of 4.2 million tons, compared with revenues of $124.8 million on sales of 4.6 million tons a year earlier.

The loss for the first nine months was $9 million compared with a loss of $5.6 million for the 1992 period. The losses include the payment of dividends on the company's preferred stock.

Of the third-quarter loss, $1.5 million can be attributed to the company's Westmoreland Energy Inc. subsidiary, which the company has agreed to sell to California Energy Co. Inc.