Company has reported gas sales margin of $9.5 mn for the fourth quarter of 2008, compared to $4.1 mn for the same period of 2007

US-based power and gas utility Unitil has reported earnings applicable to common shareholders of $9.6 million, or $1.65 per common share, for 2008, compared to $8.6 million, or $1.52 per common share, for 2007.

The company has reported earnings applicable to common shareholders of $3.2 million, or $0.53 per common share, for the fourth quarter of 2008, compared to $2.7 million, or $0.48 per common share, for the same period of 2007.

Unitil has reported electric sales margin of $13 million for the fourth quarter of 2008, compared to $14.1 million for the same period of 2007. The company has reported gas sales margin of $9.5 million for the fourth quarter of 2008, compared to $4.1 million for the same period of 2007.

According to the company, it has reported electric sales margin of $54.8 million for the year 2008, compared to $56.2 million for the year 2007. The company has reported electric sales margin of $19.4 million for the year 2008, compared to $12.7 million for the year 2007.

Robert Schoenberger, chairman and CEO of Unitil, said: We completed our purchase of Northern Utilities and Granite State in the fourth quarter. As a result, we have strengthened our gas utility operations and increased our customer base and utility operations in the region.