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Earnings

Sempra Energy profit rises 2.9%

November 10, 2009|Times Wire Reports

Sempra Energy said third-quarter net income climbed 2.9% on gains from a commodities-trading joint venture with Royal Bank of Scotland Group.

Earnings rose to $317 million, or $1.27 a share, from $308 million, or $1.24, a year earlier, San Diego-based Sempra said. Revenue fell 31%.

On Monday, Sempra shares rose $1.19, or 2.3%, to $51.94.

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