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Article: Bay State Gas reports increased earnings for fiscal first quarter and preliminary results of its change process.
- Article from:
- Business Wire
- Article date:
- January 23, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WESTBOROUGH, Mass.--(BUSINESS WIRE)--Jan. 23, 1996--Bay State Gas Co. (NYSE:BGC) today announced earnings per share of $1.07 for the fiscal first quarter ended December 31, 1995, a 37% increase from the $0.78 reported for the year-ago quarter. Weather, which was 18% colder than the year-earlier period, increased earnings per share by approximately $0.23. Had weather been normal during the year-earlier quarter, earnings for the most recent fiscal first quarter would have increased by about $0.10.
"The fiscal first quarter actions described below provided for an improvement in first quarter earnings, and also give strong evidence of the solid financial base that ...