PPL’s Profit, Revenue Surge

The PPL Building (seen here in the distance) i...

Image via Wikipedia

PPL Corp.’s annual profit surged in 2011 on revenue from recent out-of-state acquisitions.

The Allentown energy company earned $1.44 billion, or $2.61 per share, up from $938 million, or $2.17 per share, in 2010.

The whopping 53 percent increase was largely driven by additional revenue from PPL’s recently-acquired Kentucky and United Kingdom utilities.

“This increase reflects the strength of our business portfolio and our prospects for future growth,” James H. Miller, PPL’s out-going chairman said in a press release. “Our strong 2011 results are due to solid performance across our business segments.”

Read more: http://www.mcall.com/business/mc-ppl-earnings-20120210,0,3573342.story

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s