Server: Microsoft-IIS/3.0 Date: Thu, 18 Dec 1997 21:58:41 GMT Content-Type: text/html Accept-Ranges: bytes Last-Modified: Mon, 25 Aug 1997 14:53:52 GMT Set-Cookie: EGSOFT_ID=128.2.209.145-438534768.29166592; expires=Fri, 31-Dec-2010 00:00:00 GMT; path=/ Content-Length: 9864 Artesian Water Home Page


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F i n a n c i a l H i g h l i g h t s

In thousands of dollars
except per share figures
1996 1995 1994

Operating Revenues 20,892 22,631 21,012
Operating Expenses 16,791 17,786 17,198
Write-down on Rental Building. 784
Loss on Disposal of
Artesian Laboratories
128
Operating Income 4,101 3,933 3,814
Net Income 1,659 1,207 1,486

Net Income Per
Common Share
1.06 1.06* 1.34
Cash Divided Per
Common Share
.90 .63 .60

Additions to Utility Plant 7,702 12,659 6,945

*Includes loss on write-down of rental building of $0.50 and loss on disposal of Artesian Laboratories  of  $0.08

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FOR IMMEDIATE RELEASE:
Date: April 10, 1997
Contact: Nancy W. Parker
Newark, DE - Artesian Resources Corporation (Artesian) announced closing on the sale of its wholly-owned environmental testing subsidiary, Artesian Laboratories, Inc. (ALI), on April 9, 1997.
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