DPL Net Rise 92%

Revenue rises 9%.
Author:
Publish date:

DPL

(DPL)

said its fourth-quarter earnings rose 92.4%, aided by a rise in retail sales volume and higher wholesale rates.

The Dayton, Ohio-based utility company company earned $52.9 million, or 41 cents a share, in the quarter, compared with $27.5 million, or 22 cents a share, a year ago. Analysts surveyed by Thomson First Call were expecting the company to earn 29 cents a share.

Fourth-quarter revenue rose 8.8% from a year ago to $327 million.

For fiscal 2006, the company expects to earn $1.35 to $1.50 a share. Analysts were forecasting earnings of $1.57 a share. For fiscal 2007, the company expects to earn $1.65 to $1.80 a share. Analysts expect the company to earn $1.53 a share. DPL expects revenue to rise 3% in fiscal 2006 and 5% in fiscal 2007.

In the most recent quarter, revenue from retail electricity sales rose 3.5% to $262 million. Wholesale revenue jumped 57.8% to $43 million.

This story was created through a joint venture between TheStreet.com and IRIS.