Artesian resources corporation reports first quarter 2023 results

Newark, del., may 09, 2023 (globe newswire) -- artesian resources corporation (nasdaq: artna), a leading provider of water and wastewater services, and a number of other related business services, on the delmarva peninsula, today announced that revenues for the first quarter of 2023 were $22.5 million, a $0.3 million, or 1.4% increase, compared to revenues recorded during the same period of 2022. our net income applicable to common stock decreased $0.8 million, or 17.4%. diluted net income per share decreased 17.0% to $0.39 for the three months ended march 31, 2023 compared to $0.47 for the first quarter of 2022.
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