Profit Up at DPL

DPL(DPL Quote) said its second-quarter earnings increased 3.2% from a year ago.

The Dayton, Ohio-based utility company earned $22.6 million, or 18 cents a share, in the quarter, compared with $21.9 million, or 17 cents a share, a year ago. Earnings from continued operations were also $22.6 million, or 18 cents a share, compared with $16.7 million, or 13 cents a share, a year ago. Analysts surveyed by Thomson First Call were expecting the company to earn 24 cents a share.

Second-quarter revenue rose 5.3% from a year ago to $309 million, primarily due to higher average rates for retail and wholesale sales and higher wholesale sales volume, which were offset by lower retail sales volume. ...