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)--Jan. 16, 1996--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 fourth quarter financial results, completing a successful 1995. Earnings for the year were $1.63 per share, vs. $1.54 per share in 1994. For the quarter ended Dec. 31, 1995, earnings were 30 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. , compared with 27 cents per share in the fourth quarter a year ago. Peter H. Forster For·ster , E(dward) M(organ) 1879-1970. British writer whose novels, such as A Room with a View (1908) and Howards End (1910), explore the emotional and moral shortcomings of England's upper classes. , chairman 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 year was an excellent one for our shareholders, with our stock price finishing the year at $24 3/4 per share, near our all-time all-time adj. Exceeding all others up to the present time: an all-time speed skating record. all-time Adjective Informal high and up almost 21 percent over our 1994 year end stock price. Combined with our excellent dividend record which provided increases in eight of the last nine years, DPL has delivered a total return to shareholders at the top of the industry. "Our 1995 financial results are evidence of successful Company-wide efforts from all of our employees to meet the operating goals we set for the year," Forster continued. "These efforts were complemented by solid business activity and expansion in West Central Ohio and above normal weather conditions, both of which helped increase sales. During 1995, sales to our electric business customers increased 5 percent for the second consecutive year, with overall sales to retail electric customers up 6 percent. "The economic story in our service area remains a most compelling one," added Forster. "Business expansion occurred throughout our service territory and in all business sectors of our diverse regional economy. As a result, unemployment averaged well below 5 percent for the year, much better than both state and national averages. DP&L will continue to play a leadership role in supporting area business growth through all of our customer programs. "In 1996, we will continue to focus and improve on the fundamentals in delivering reliable and competitive energy services and prices to our customers," Forster concluded. -0-
DPL Inc.
FINANCIAL DATA
(Unaudited)
Three Months Ended
December
1995 1994
Earnings per share of common stock $ 0.30 $ 0.27 Operating revenues (000) $ 337,477 $ 299,636 Net income (000) $ 29,804 $ 27,754 Average number of common shares outstanding (000) 101,028 101,100
Twelve Months Ended
December
1995 1994
Earnings per share of common stock $ 1.63 $ 1.54 Operating revenues (000) $1,271,014 $1,204,588 Net income (000) $ 164,661 $ 154,907 Average number of common shares outstanding (000) 101,087 100,432 CONTACT: DPL Inc., Dayton DPL Medialine, 513/224-5940 |
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