EXHIBIT 11
CT COMMUNICATIONS, INC.
AND SUBSIDIARIES
Computation of Earnings Per Share
Three Months Ended June 30 Six Months Ended June 30
2000 1999 2000 1999
Computation of share ---- ---- ---- ----
totals used in
computing earnings
per share:
Weighted average number
of shares outstanding 18,839,766 18,688,414 18,813,244 18,663,854
Basic average shares
a-Outstanding 18,839,766 18,688,414 18,813,244 18,663,854
Incremental shares
arising, from out-
standing stock
options 132,536 93,832 127,387 117,894
----------- ------------ ---------- -----------
b-Totals 18,972,302 18,782,246 18,940,361 18,781,748
=========== ============ ========== ===========
c-Net Income $ 4,862,278 $ 9,136,224 $ 10,156,899 $ 12,999,695
=========== ============ ========== ===========
Net Income Per Share
Basic - c/a $ 0.26 $ 0.49 $ 0.54 $ 0.70
=========== ============ ========== ===========
Net Income Per Share
assuming full dilution c/b $ 0.26 $ 0.49 $ 0.54 $ 0.69
=========== ============ ========== ===========