logo
Share SHARE
FONT-SIZE Plus   Neg

Gas Natural FY12 Profit Declines

Gas Natural Inc. (EGAS) Tuesday reported a drop in profit for the fiscal year 2012, due mainly to higher operating expenses.

Net income for the period declined to $5.4 million or $0.66 per share from $5.8 million or $0.92 per share last year.

Net income from the natural gas operations segment increased by $140 thousand, driven primarily by customer growth and colder weather in most of its service territories. This was, however, offset by net losses within the company's marketing and production operations segment due to an impairment charge of $790 thousand.

Fiscal-year 2012 net revenues grew to $99.2 million from $91.5 million last year.

Operating expenses increased to $28.8 million from $25.71 million last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Airbus Group SE declined around 2 percent in the early morning trading in Paris after the aerospace and defense major reported a loss in its fourth quarter, compared to a profit last year, mainly due to a hefty charge related to the A400M programme. Revenues, however, increased from last year. Further, the company lifted its dividend, and said it expects higher adjusted ea Federal Network Agency (Bundesnetzagentur) has asked parents who bought the popular My Friend Cayla doll to destroy the toy or disable its wireless connection. The Bundesnetzagentur has banned the unauthorized wireless transmitting equipment in a children's toy and has already removed the product... Saudi Arabia is reportedly considering to list its state-run oil behemoth Saudi Aramco in New York Stock Exchange. According to a WSJ report, citing people familiar with the matter, Aramco prefers to float its shares on the NYSE, or in London or Toronto after discussion to list on an Asian stock exchange...
comments powered by Disqus
Follow RTT