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E'TOWN CORPORATION REPORTS SALES AND EARNINGS

 E'TOWN CORPORATION REPORTS SALES AND EARNINGS
 WESTFIELD, N.J., April 15 /PRNewswire/ -- E'town Corporation


(NASDAQ: EWAT) today reported net income of $1,967,256 or $0.47 per share on both a primary and fully diluted basis for the three months ended March 31, 1992. In the comparable 1991 period net income was $1,929,746 or $0.50 per share on both a primary and fully diluted basis.
 Net income for the twelve months ended March 31, 1992, was $9,522,580 or $2.29 per share on a primary basis and $2.25 per share on a fully diluted basis. In the comparable 1991 period net income was $6,770,449 or $1.86 per share on both a primary and fully diluted basis.
 Operating revenues for the three months and twelve months ended March 31, 1992, were $20,802,788 and $86,902,777 respectively, compared to $19,986,114 and $79,291,299 for the same periods in 1991.
 E'town Corporation is the parent company of Elizabethtown Water Company and E'town Properties, Inc. Elizabethtown Water Company and its subsidiary, the Mount Holly Water Company, provide water service to 54 municipalities in eight New Jersey counties.
 E'TOWN CORPORATION
 Sales and Earnings Report
 3 Months 12 Months
 Periods ended: 3/31/92 3/31/91 3/31/92 3/31/91
 Operating
 revenues $20,802,788 $19,986,114 $86,902,777 $79,291,299
 Net income $ 1,967,256 $ 1,929,746 $ 9,522,580 $ 6,770,449
 Earnings per-share
 of common stock:
 Primary $ 0.47 $ 0.50 $ 2.29 $ 1.86
 Fully diluted $ 0.47 $ 0.50 $ 2.25 $ 1.86
 Average number of shares
 outstanding for the
 calculation of earnings
 per-share:
 Primary 4,203,846 3,852,536 4,166,842 3,631,284
 Fully diluted 4,203,846 3,852,536 4,497,595 3,631,284
 -0- 4/15/92
 /CONTACT: Andrew M. Chapman of E'town, 908-654-1234/
 (EWAT) CO: E'town Corporation ST: New Jersey IN: UTI SU: ERN


TQ-LR -- NY004 -- 8686 04/15/92 12:16 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
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