Iron County Record | 1958-10-09 | Page 16 | Local Utilities Company Renders Report

Local Utilities Company Renders Report California-Pacific Utilities Co. earned a net Income of $799,795 from total revenues of $9,455,041, in the period of 12 months ending end-ing with August of 1958. In the corresponding period ended In 1957, a net income of $752,40-1 was derived from total revenues of $8,953,064. Current earnings are equal to $2.33 a share on the average of 275.162 shares of common stock outstanding, after $156,168 for. preferred dividends, In comparl- son wit. $2,28 a share on the average of 258,961 common shares, after $162,449 for the preferred. pre-ferred. The company's four utility services ser-vices electric, gas, telephone and water produced $8,424,318 in operating revenues during the 12 months ended August 31, 1958, In comparison with $7,848,888 In the corresponding period ended in 1957. Additional revenues from nonutillty sources amounted to-$1,030,723 to-$1,030,723 this year and $1,105,-176 $1,105,-176 last year.