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Artesian Resources Corporation Reports Second Quarter 2009 Results.

Publication: PR Newswire
Publication Date: 10-AUG-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEWARK, Del., Aug. 10 /PRNewswire-FirstCall/ -- Artesian Resources Corporation (Artesian) today announced that revenue for the second quarter of 2009 was $15.4 million, up from $13.9 million for the same three-month period in 2008. Net income increased to $2.0 million for the second quarter, while diluted net income per common share was $0.27, up from $0.21 for the same period last year.

"Since the beginning of this year, we have added hundreds of customers, expanded our Maryland operations and wastewater business, held the line on expenses and invested nearly $9 million in infrastructure improvements that we believe will help guarantee the quality and reliability of our system," said Artesian President and CEO Dian C. Taylor. "We believe these efforts are paying off for our customers -- our water was recently named the best-tasting in...

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