DPL Inc. Reports Second 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)--July 21, 1999-- 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. Inc. (NYSE NYSE See: New York Stock Exchange :DPL) today reported strong second quarter financial results. Earnings were $0.25 per share, up from $0.23 a year ago. Year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. results were $0.72 per share, up 4% from $0.69 per share in 1998. Mr. 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 "The continued strength of the West Central Ohio economy increased energy demands by business customers. The 4% increase in electric sales to those customers during the second quarter, combined with higher investment income and ongoing cost reduction efforts, resulted in the earnings increase." "With the passing of legislation in Ohio, we can now clearly define additional opportunities in the energy market," continued Mr. Hill. During the first week of July July: see month. , a significant heat wave hit the Midwest Midwest or Middle West, region of the United States centered on the western Great Lakes and the upper-middle Mississippi valley. It is a somewhat imprecise term that has been applied to the northern section of the land between the Appalachians . All DPL generating units were operational allowing DPL to serve its entire customer base while still taking advantage of some lucrative off systems sales. "We are known as efficient operators, especially during high demand periods. When needed most, our units are reliable and produce the required power," said Mr. Hill. DPL Inc. is a diversified diversified (di·verˑ·s energy company supplying electric and gas energy services to 500,000 electric customers and 300,000 gas customers in the Midwest through its subsidiary, The Dayton Power and Light Company. -0-
DPL Inc.
FINANCIAL DATA
(Unaudited)
(in millions, except per share amounts)
Three Months Ended
------------------------------
June
1999 1998
------------------------------
Earnings Per Share of Common Stock $ 0.25 $ 0.23
Operating Revenues $ 290.3 $ 307.5
Net Income $ 37.4 $ 35.2
Average Number of Common Shares 151.2 152.7
Outstanding
Six Months Ended
------------------------------
June
1999 1998
------------------------------
Earnings Per Share of Common Stock $ 0.72 $ 0.69
Operating Revenues $ 673.8 $ 685.4
Net Income $ 109.9 $ 105.4
Average Number of Common Shares 152.0 152.5
Outstanding
Twelve Months Ended
------------------------------
June
1999 1998
------------------------------
Earnings Per Share of Common Stock $ 1.27 $ 1.22
Operating Revenues $ 1,340.6 $ 1,348.9
Net Income $ 193.6 $ 185.5
Average Number of Common Shares 152.6 152.1
Outstanding
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion