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DOMINGUEZ SERVICES CORP. REPORTS RESULTS

 DOMINGUEZ SERVICES CORP. REPORTS RESULTS
 CARSON, Calif., Aug. 7 /PRNewswire/ -- C.W. Porter, president of


Dominguez Services Corp. (NASDAQ: DOMZ), today announced revenues for the six months ended June 30, 1992 in the amount of $9,080,743 and net income of $466,286 or $0.46 per share compared with revenues of $8,402,916 and net income of $794,786 or $0.53 for the same period last year. Earnings per share for the 12 months ended the same date are $1.25 compared to $1.26 last year on the 1,004,370 shares outstanding. Reduced earnings for the six-month period reflect continued conservation, a wet spring and the loss of the company's second-largest water customer. The company has filed an application with the California Public Utilities Commission to offset the effects of last year's rationing program.
 The company continues to search for utility acquisitions, seeking areas with growth potential and systems which fit well with Dominguez.
 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, as well as the Kern River Valley area in Kern County and small systems in the Antelope Valley area. The non-regulated subsidiary, Hydro-Metric Service Corp., distributes water meters and water-control devices, while also specializing in meter service and repair in Southern California. Dominguez Services Corp. is traded on NASDAQ, symbol DOMZ.
 -0- 8/7/92
 /CONTACT: Rubye Rittgers of Dominguez Services, 310-834-2625/
 (DOMZ) CO: Dominguez Services Corp. ST: California IN: UTI SU: ERN


AL-EH -- LA011 -- 8087 08/07/92 14:46 EDT
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Publication:PR Newswire
Date:Aug 7, 1992
Words:276
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