DPL Inc. Reports 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)--April 16, 1998--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 first quarter. Earnings were 46 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 from 44 cents per share earned in the first quarter 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, "Winter temperatures in the first quarter were 15 percent milder than last year and 20 percent milder than normal. This resulted in gas sales declining 13 percent and weather sensitive electric residential sales declining 6 percent from last year. The strong economy in West Central Ohio provided increased commercial and industrial sales which helped offset the effects of the mild winter. Total electric retail sales were down 2 percent from last year. "The company's sales to other utilities and successful cost control programs overcame effects of weather and resulted in the good first quarter performance. We will continue our focus on the key fundamentals that are the foundation of our success -- superior operations, total customer focus, cost control and financial performance," Hill stated. -0-
DPL Inc.
FINANCIAL DATA
(Unaudited)
(in millions, except per share amounts)
Three Months Ended
___________________
March
1998 1997
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Earnings per share of common stock $ 0.46 $ 0.44
Operating revenues $377.9 $386.9
Net income $ 70.2 $ 66.3
Average number of common shares
outstanding 152.3 150.8
CONTACT: DPL Inc., Dayton DPL Medialine, 937/224-5940 |
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