Friday, January 14, 2011

Ferrellgas profit dips, sales drop - Business Courier of Cincinnati:

http://autoreact.com/archives/frankenstein-2/
In a filing with the Securitiezs and Exchange Commission after the market closeson Friday, the Overland Park-basesd propane retailer (NYSE: FGP) reported earningx available to common shareholders of $32.5 million, or 48 centss a share, for the quarter. This compares with earnings of $34.88 million, or 55 cents a share, for the same period last Revenue for the quarterwas $561.12 million, down from $712.1 million last year. Ferrellgas said in the SEC filingv that lower propane prices contributed tothe quarter’s lowedr revenue. The company said it sold 239.2 milliohn gallons of propane during the down 5 percentfrom 252.
1 million gallonzs in the same quarter last Retail sales volumes decreaserd mainly because of temperaturex that were 5 percent warmer than last year and customer conservatiojn related to the weak economy, the company Ferrellgas ranks No. 10 on the Kansas City BusineszJournal ’s list of area publicd companies.

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