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Home News PNG Earnings continue to rise

PNG Earnings continue to rise


The recession appears to have had little negative impact to date, on Pacific Northern Gas.

The Vancouver based company has declared a 4 point five percent quarterly dividend increase to 23 cents per share on its common shares.

Net income for the quarter ended December 31st was 3 point two million dollars, compared with 2 point 6 million, for the same quarter the previous year.

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For the full year, the net income for 2008, was 5 point nine million and, that compares with 4 point four million, in 2007.

Here in the Peace Region, PNG provides gas distribution service, to Fort St. John, Dawson Creek and Tumbler Ridge.

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