Article: SJW Corp. Announces Third Quarter Financial Results.(Financial report)

SJW Corp. (NYSE:SJW) reported financial results for the third quarter ended September 30, 2009. Operating revenue was $69.3 million versus $69.5 million for the same period in 2008. The decrease of approximately $200,000 primarily reflects a decrease of $3.2 million resulting from declining customer water usage, as well as $881,000 in lower revenue from real estate operations due to a tenant vacancy in the real estate portfolio. The revenue decreases were partially offset by cumulative rate increases of $3.5 million and revenue from new customers of $372,000.

Net income was $8.0 million for the third quarter, compared to $8.3 million in the same period of 2008. ...

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