DPL Inc. reports first quarter earnings

Business
April 29, 2011
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DAYTON — DPL Inc., the parent company of the Dayton Power and Light Co., reported lower first-quarter earnings on higher sales.

DPL said it earned 38 cents per share during the first three months of 2011 compared with 61 cents per share for the same period in 2010.

Revenues increased 10 percent to $495 million for the first quarter of this year versus $451 for the first quarter of 2010, the company said. DPL attributed the increase in part to higher average retail rates and volume.

DPL reaffirmed its guidance for 2011 adjusted earnings per share from continuing operations of $2.30 to $2.55 per share.

On April 20, DPL agreed to be acquired by AES Corp. for $4.7 billion, including the assumption of debt.

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