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Article: Bay State Gas reports earnings for the fiscal year to date.
- Article from:
- Business Wire
- Article date:
- July 24, 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)--July 24, 1996--Bay State Gas Company (NYSE: BGC) is announcing earnings of $2.60 per share for the fiscal year to date, compared to $2.20 per share reported one year ago.
Earnings per share increased 18.2% ($0.40) for the nine months ending June 30, 1996, primarily due to colder weather and sales growth, which were offset somewhat by restructuring costs. Future earnings will be positively affected by the 5,800 natural gas customers the company added during the past 12 months.
For the quarter ended June 30, the company reported a loss of $0.22 per share, compared to a loss of $0.18 per share for the year-ago period. The ...