Southern Co. fourth-quarter earnings rise 70 percent

Wednesday, Jan. 25, 2012 9:27 AM
Last updated 6:57 PM
  • Follow Business

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.

Top headlines

Armed robbery suspect found

Killeon Cooper was sought for the attempted armed robbery of Dragon Express on Gordon Highway, the armed robbery of a Deans Bridge Road Waffle House and a home invasion on Holden Drive.
Search Augusta jobs