News Column

BRIEF: MGE earnings rise

August 6, 2014

By Judy Newman, The Wisconsin State Journal



Aug. 06--MGE Energy, parent company of Madison Gas & Electric, reported net income of $14.1 million, or 41 cents a share, on revenue of $128.8 million for the second quarter that ended June 30, up from $13.9 million in earnings, or 40 cents a share, on $128.3 million in revenue for the same period last year.

Share amounts reflect the three-for-two stock split that was distributed on Feb. 7.

For the first six months, the Madison utility holding company reported net income of $41.8 million, or $1.21 a share, on revenues of $339.0 million, up from $36.5 million in profits,or $1.05 a share, on revenues of $295.5 million for the first half of 2013.

___

(c)2014 The Wisconsin State Journal (Madison, Wis.)

Visit The Wisconsin State Journal (Madison, Wis.) at www.wisconsinstatejournal.com

Distributed by MCT Information Services


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Wisconsin State Journal (Madison, WI)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters