Connecticut Water Service, Inc. Reports Q4 EPS of $0.20 vs. $0.17

Connecticut Water Service, Inc. CTWS announced net income of $9.8 million and earnings per basic average share (EPS) of $1.14 for 2010, compared to net income of $10.2 million and EPS of $1.20 for 2009. In 2009, the Company completed real estate transactions that generated revenues of $2.2 million and EPS of $0.17.

In the fourth quarter of 2010, the Company reported net income of $1.8 million and basic EPS of $0.20. During the same period in 2009, the company reported net income of $1.0 million and basic EPS of $0.12. Total revenue increased $1.8 million to $17.4 million from $15.6 million for the same quarter of 2009.