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Corning Natural Gas Holding Corporation Reports Improved Annual Earnings and Declares Quarterly ...


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Corning Natural Gas Holding Corporation Reports Improved Annual Earnings and Declares Quarterly .
Corning Natural Gas Holding Corp.December 21, 2020 GMT
CORNING, N.Y., Dec. 21, 2020 (GLOBE NEWSWIRE) Corning Natural Gas Holding Corporation (OTCQX: CNIG) announced consolidated earnings of $2.957 million or $0.95 (diluted) per common share for the fiscal year ended September 30, 2020. This compares to consolidated earnings of $2.880 million or $0.94 (diluted) per common share for the fiscal year ended September 30, 2019. CFO Charles Lenns stated, “The company earnings were positively impacted by increased margins and reduced income tax expense that were offset by unfavorable weather, higher interest expense, and COVID impacts.” ....

New York , United States , Pike County , Charles Lenns , Julie Lewis , Leatherstocking Gas Company , Corning Natural Gas Holding Corporation , Natural Gas Holding Corporation , Leatherstocking Gas , Seriesb Convertible Preferred Stock , Corning Natural Gas , Pike County Light , Private Securities Litigation Reform Act , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , பைக் கவுண்டி , ஜூலி லெவிஸ் , தோல் ஸ்டாக்கிங் வாயு நிறுவனம் , கார்னிங் இயற்கை வாயு வைத்திருத்தல் நிறுவனம் , இயற்கை வாயு வைத்திருத்தல் நிறுவனம் , தோல் ஸ்டாக்கிங் வாயு , கார்னிங் இயற்கை வாயு , பைக் கவுண்டி ஒளி , ப்ரைவேட் பத்திரங்கள் வழக்கு சீர்திருத்தம் நாடகம் ,

Corning Natural Gas Holding Corporation Reports Improved Annual Earnings and Declares Quarterly Dividends


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CORNING, N.Y., Dec. 21, 2020 (GLOBE NEWSWIRE) Corning Natural Gas Holding Corporation (OTCQX:CNIG) announced consolidated earnings of $2.957 million or $0.95 (diluted) per common share for the fiscal year ended September 30, 2020. This compares to consolidated earnings of $2.880 million or $0.94 (diluted) per common share for the fiscal year ended September 30, 2019. CFO Charles Lenns stated, The company earnings were positively impacted by increased margins and reduced income tax expense that were offset by unfavorable weather, higher interest expense, and COVID impacts.
Net loss for the three months ended September 30, 2020 were $0.576 million compared to $0.373 million for the same three months in 2019. Earnings were negatively affected primarily by higher interest expense, including debt incurred to acquire the remaining 50% interest in Leatherstocking Gas Company. ....

New York , United States , Pike County , Charles Lenns , Julie Lewis , Leatherstocking Gas Company , Corning Natural Gas Holding Corporation , Natural Gas Holding Corporation , Leatherstocking Gas , Seriesb Convertible Preferred Stock , Corning Natural Gas , Pike County Light , Private Securities Litigation Reform Act , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , பைக் கவுண்டி , ஜூலி லெவிஸ் , தோல் ஸ்டாக்கிங் வாயு நிறுவனம் , கார்னிங் இயற்கை வாயு வைத்திருத்தல் நிறுவனம் , இயற்கை வாயு வைத்திருத்தல் நிறுவனம் , தோல் ஸ்டாக்கிங் வாயு , கார்னிங் இயற்கை வாயு , பைக் கவுண்டி ஒளி , ப்ரைவேட் பத்திரங்கள் வழக்கு சீர்திருத்தம் நாடகம் ,