HEI Exhibit 11(a)
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Hawaiian Electric Industries, Inc. and subsidiaries
COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK
(unaudited)
 
 
 
                                                              Three months ended
                                                                   March 31,
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(in thousands, except per share data)                           1995       1994
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Net income.................................................   $17,847    $11,788
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Average number of common shares outstanding................    28,772     27,768
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Earnings per common share..................................     $0.62      $0.42
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