WESTERN RESOURCES’ TOTAL AND PER SHARE EARNINGS RISE
Western Resources announces total earnings for the third quarter of 2000 were 89 cents per share, vs. 72 cents per share a year ago. Year-to-date earnings also led last year’s totals, at $2.39 per share for the nine months ended Sept. 30, 2000, vs. $1.31 per share for the same period of 1999.
“The company’s electric operations performed well in response to record peak demands on the system and sustained our excellent record of reliability in the third quarter of 2000,” says David C. Wittig, chairman of the board, president and CEO. “We are also very pleased with the agreement announced on Nov. 9 to combine our electric assets with those of Public Service Company of New Mexico (PNM). We believe that PNM’s experience, long-term growth strategy and unique geographic position will result in benefits for shareholders and opportunities for our customers, employees and the communities we serve.”
Western Resources is a consumer services company with interests in monitored services and energy. The company has total assets of about $8 billion, including security company holdings through ownership of Protection One and Protection One Europe, which have more than 1.6 million security customers.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!