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DOMINGUEZ SERVICES CORP. ANNOUNCES QUARTERLY GAINS

 CARSON, Calif., July 27 /PRNewswire/ -- C.W. Porter, president of Dominguez Services Corp. (NASDAQ: DOMZ), today announced earnings per share for the quarter ended June 30, 1993, reached $0.60, compared to $0.32 in the second quarter of 1992. Earnings per share for the six months ended the same date were $0.88 compared to $0.46 for the same period last year. Earnings per share for the 12 months ended the same date were $1.94, compared to $1.25 for the same period last year. Twelve-months-ended earnings per share include recovery of lost revenues from the prior year drought conditions and exceed the company's expected year-end earnings. Revenues for the quarter ended June 30, 1993, were in the amount of $5,780,635 and net income in the amount of $600,427, compared to revenues of $4,949,428 and net income of $319,261 for the same period last year. For the six months ended June 30, 1993, revenues totaled $10,468,603 and net income was $883,063 compared to $9,080,743 and $466,286 respectively for the same period last year. For the 12 months ended June 30, 1993, revenues totaled $23,200,344 and net income was $1,956,357, compared to $19,383,422 and $1,264,935, respectively, for the same period last year.
 The company's increased earnings may be attributed primarily to a rate increase for the South Bay system, the end of mandatory rationing, and recapture of prior year production costs.
 Dominguez Services Corp. is the holding company for several water utilities, the largest of which is Dominguez Water Corp., serving more than 100,000 customers in the Carson/Torrance area of Los Angeles County. Dominguez also holds systems in the Kern River Valley area of Kern County and Antelope Valley. The company's non-regulated subsidiary, Hydro-Metric, specializes in meter repair. Dominguez Services Corp. is traded on NASDAQ, symbol DOMZ.
 -0- 7/27/93
 /CONTACT: Rubye Rittgers of Dominguez Services, 310-834-2625/
 (DOMZ)


CO: Dominguez Water Corp. ST: California IN: UTI SU: ERN

JB-EH -- LA024 -- 6209 07/27/93 12:03 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
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