Saturday, November 04, 2006

Aqua Earnings Down

AP via Centre Daily:
BRYN MAWR, Pa. (AP) - Aqua America Inc. on Wednesday reported that its third-quarter profit fell 2 percent.

The Bryn Mawr-based water utility blamed above-average rainfall and higher expenses.

Net income for the third quarter decreased to $27.3 million, or 21 cents per share, from $27.9 million, or 21 cents per share, in the same period last year.

Aqua America Inc. serves more than 2.5 million residents in Pennsylvania and 12 other states.