RGC Resources Inc. (Nasdaq:RGCO) announced consolidated Company earnings of $184,617 or $0.08 per average share outstanding for the quarter ended June 30, 2011. This compares to consolidated earnings of $13,466 or $0.01 per average share outstanding for the quarter ended June 30, 2010. President, Chairman and CEO John Williamson attributed the increase in earnings to an improvement in gross margin from higher space heating sales volumes as a result of a colder spring and the implementation of a non-gas rate increase in November.
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August 19th, 2011 at 09:43 am