Updated at 2:40 p.m., Friday, February 23, 2007
Hawaiian Electric Industries' profit falls 57% in 4th qtr
Advertiser Staff
Hawaiian Electric Industries Inc. today reported a 57 percent decline in its fourth quarter 2006 earnings compared with the same period a year earlier.The company said its net income from the three months ending Dec. 31, 2006 was $16.1 million, or 20 cents per share, compared to fourth quarter 2005's $37.5 million, or 46 cents per share.
For all of 2006, HEI earned $108 million, or $1.33 cents per share, which was down 14.8 percent from 2005's $126.7 million, or $1.56 per share.
