DPL Announces Third Quarter Financial Results.DAYTON Dayton, city (1990 pop. 182,044), seat of Montgomery co., SW Ohio, on the Great Miami River where it is joined by the Stillwater River; inc. 1805. It is the trade center for a fertile farm area, but is best known for its involvement with industry, invention, and , Ohio--(BUSINESS WIRE)--Oct. 17, 1997--DPL Inc. (NYSE NYSE See: New York Stock Exchange :DPL (Digital PowerLine) An earlier technology for transmitting a 1 Mbps data signal over electric power lines from Nortel Networks. It was developed in the late 1990s, but later abandoned due to implementation difficulties. See broadband over power lines. ) today reported financial results for the third quarter. Earnings were 44 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , up 2 cents from third quarter earnings of 42 cents per share a year ago. For the nine months ended Sept. 30, 1997, earnings were $1.45 per share, vs. $1.40 per share earned in the same period last year. Allen Al·len , Edgar 1892-1943. American anatomist who is noted for his studies of hormones and for the discovery (1923) of estrogen. M. Hill, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DPL Inc. said, "Despite summer temperatures that were 12 percent cooler than the mild summer of 1996 and 23 percent cooler than the average summer, DPL achieved solid financial performance in the third quarter. Cost control efforts throughout the company resulted in a reduction in operating and maintenance expenses which offset retail electric sales levels through September September: see month. that were 1 percent below last year. "West Central Ohio economic performance also contributed to our financial growth," Hill continued. "Electric sales to our industrial customers were up 4 percent in the third quarter and year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. versus last year. Unemployment rates continue to average below 4 percent for the communities we serve. As a result, our performance keeps us on track to meet our financial and operating targets for 1997," concluded Hill. -0-
DPL Inc.
FINANCIAL DATA
(Unaudited)
(in millions, except per share amounts)
Three Months Ended
_______________________________
September
1997 1996
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Earnings Per Share of Common Stock $ 0.44 $ 0.42
Operating Revenues $ 286.2 $ 281.0
Net Income $ 44.9 $ 41.7
Average Number of Common Shares
Outstanding 101.1 100.4
Nine Months Ended
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September
1997 1996
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Earnings Per Share of Common Stock $ 1.45 $ 1.40
Operating Revenues $ 919.0 $ 937.9
Net Income $ 146.2 $ 140.4
Average Number of Common Shares
Outstanding 100.8 100.6
Twelve Months Ended
_______________________________
September
1997 1996
_______________________________
Earnings Per Share of Common Stock $ 1.77 $ 1.69
Operating Revenues $ 1,251.1 $ 1,275.4
Net Income $ 178.7 $ 170.2
Average Number of Common Shares
Outstanding 100.7 100.7
CONTACT: DPL Inc., Dayton DPL Medialine, 937/224-5940 |
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