2.43%XLF 15.10 
10.30%QQQQ 31.32 0.63%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
VALLEY FORGE, Pa. - UGI Corp. said Wednesday its fiscal second-quarter profit rose 5 percent as the propane company's domestic business and energy services segments offset weak international results.
Net income for the three months ended March 31 rose to $126.1 million, or $1.17 per share, compared with $120.2 million, or $1.12 per share in the year-earlier period.
Revenue rose to $2.36 billion from $2 billion.
UGI's energy services business posted a 59 percent increase in net income, while the company's domestic propane business reported a second consecutive year of record results.
Those results more than offset a modest weather-induced dip in net income from gas utility operations and a 6 percent net income drop in UGI's international propane business, which stemmed from lower unit margins.
UGI holds a 44 percent stake in AmeriGas Partners LP and owns Antargaz, one of the largest liquid petroleum gas distributors in France.
Shares fell 15 cents to $26.10 in morning trading.
We look at the Sage of Omaha's methodology for evaluating value stocks.
Intimate photos taken by Brad Pitt of girlfriend Angelina Jolie breastfeeding on...
In last week's report, I held out the prospect that the US government rescue package might result in a change in sentiment in financial mark...
Professional Website Design For Corporate - Get a Free Quote Today
Partners   
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
-0.96
