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Middlesex Water posts 4Q profit

ISELIN, N.J. (AP) _ Middlesex Water Co. (MSEX) on Friday reported fourth-quarter net income of $3.2 million.

On a per-share basis, the Iselin, New Jersey-based company said it had profit of 19 cents.

The water utility posted revenue of $31.8 million in the period.

For the year, the company reported profit of $22.7 million, or $1.38 per share. Revenue was reported as $132.9 million.

Middlesex Water shares have dropped 12 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $38, an increase of 38 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSEX at https://www.zacks.com/ap/MSEX

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Keywords: Middlesex Water, Earnings Report