The York Water Co. today reported first-quarter earnings of
$1.2 million, down 9 percent compared to last year’s first quarter.
The decline came from slow customer growth, a decline in
per-capita consumption and higher operating expenses that included wages and
health insurance, according to the York-based utility.
Basic earnings per common share were 11 cents — down from
12 cents in 2007’s first quarter.
Analysts had expected 14 cents per share.
The company’s operating revenues were $7.5 million, which
grew 1.6 percent from the year-ago quarter.
York Water is in the process of finishing an application to
increase water rates next year.
Its shares are traded on the Nasdaq under the ticker symbol
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