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![RGC RESOURCES INC [RGCO] reports $11,299,282.0W profit for year ended Sep 30, 2023](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FRGCO.png&w=1200&q=75)
RGC RESOURCES INC [RGCO] has reported $11,299,282.0W profit for year ended Sep 30, 2023.
The Roanoke, Virginia based company recorded net profit of $11,299,282.0W on operating income of $17,678,480.0W. Earnings per share rose to $1.1.
In the 12 months ending September 30, 2023, the company reported operating revenues of $97.44 million, an increase of $13.27 million compared to the same period in the previous year when revenues were $84.17 million. The cost of goods sold for the gas utility segment was $51.74 million, up from $42.50 million in the previous year. For the non-utility segment, the cost of goods sold was $25.60 thousand, slightly down from $29.13 thousand in the previous year. The net income for the company in the current reporting period was $11.30 million, a significant improvement from a net loss of $31.73 million in the same period last year. The earnings per share for basic and diluted amounts were positive at $1.14 in the current period, compared to a loss of $3.48 per share in the previous year.
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