Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.twt.misc From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: Headline Article Date: Thu, 29 Oct 92 14:38:17 EST Message-ID: \SE C;MONEY;METRO FIRMS \BY Tony Munroe \CR THE WASHINGTON TIMES S=NEW STORY Washington Gas posts quarterly loss Washington Gas Light Co. posted a loss for its fourth quarter ended Sept. 30 of $13.9 million (69 cents a share) compared with a loss of $11.8 million (59 cents) for the same quarter last year. Revenues improved 9 percent to $95.5 million from $87.6 million for the year-ago period. For the year, net income improved 13 percent to $50.8 million ($2.53 a share) from $45 million ($2.28) for the previous year. Sales rose 7 percent to $746.2 million from $697.8 million for fiscal 1991. S=NEW STORY Despite Andrew, USF&G income recovers USF&G Corp. said net income for the third quarter ended Sept. 30 recovered to $5 million (-9 cents a share) from a loss of $25 million (44 cents) for the same quarter last year. Sales improved 2 percent to $1.01 billion from $991 million for the year-ago period. The Baltimore insurer said results reflect $80 million in losses from Hurricane Andrew. S=NEW STORY Norfolk Southern net drops in quarter Norfolk Southern Corp. said net income for its third quarter ended Sept. 30 dipped 2 percent to $146 million ($1.03 a share) from $150 million ($1.02) for the same quarter a year ago. Sales for the Norfolk company rose almost 2 percent to $1.19 billion from $1.17 billion for the 1991 quarter. S=NEW STORY Ryland profits rise 41 percent Ryland Group Inc., a Columbia home building giant, said net income for the third quarter ended Sept. 30 increased 41 percent to $9.7 million (58 cents a share) from $6.88 million (49 cents) for the same quarter a year ago. Sales rose 14 percent to $389.8 million from $341.2 million a year ago. S=NEW STORY Legent profits fall for quarter, year Legent Corp., a Vienna software firm, reported a net loss of $7.64 million (23 cents a share) for its fourth quarter ended Sept. 30, compared with net income of $10 million (29 cents) for the same quarter last year. Sales improved 19 percent to $124.4 million from $103.7 million for the year-ago period. For the year, net income fell 23 percent to $27.7 million (81 cents a share) from $36 million ($1.07) for fiscal 1991. Sales rose 22 percent to $426.7 million from $349.6 million the previous year. This article is copyright 1992 The Washington Times. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM