Byline: Alan D. Fischer
Oct. 31--UniSource Energy Corp. announced net income of $22.8 million, or 67 cents per diluted share, for the quarter that ended Sept. 30. That marked a 47 percent increase over net income of $15.5 million, or 45 cents per diluted share, for the third quarter a year ago.
The results, announced late Tuesday, reflect $11.5 million spent to buy out a coal supply contract, said Jim Pignatelli, UniSource's chief executive. The deal caused third-quarter net income to decline about 20 cents per share but will save the company about $3.5 million a year through 2013, he said.
A continued economic slowdown and lower late-summer …
No comments:
Post a Comment