Southern Co. fourth-quarter earnings rise 70 percent

Wednesday, Jan. 25, 2012 9:27 AM
Last updated 6:57 PM
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Southern Co.’s fourth-quarter profit rose 70 percent, helped by lower costs and higher rates at one of its units.

The power company’s net profit rose to $261 million, or 30 cents a share, from $153 million, or 18 cents a share, a year ago.

Revenue fell 2 percent to $3.7 billion.

The company said that while the future looks bright, it is seeing a still-challenged economy with sustained industrial growth, along with flat commercial and residential growth.

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