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Hawaiian Electric Industries Reports Second Quarter 2014 Earnings
Utility and Bank Deliver Results In Line with Expectations



Aug 11, 2014

Hawaiian Electric Industries, Inc. (NYSE - HE) (HEI) reported consolidated net income for common stock for the second quarter of 2014 of $41.4 million, or $0.41 diluted earnings per share (EPS), compared to $40.6 million, or $0.41 diluted EPS for the second quarter of 2013.

"HEI's financial results were in line with internal expectations. Our utilities are aggressively managing costs and redirecting savings to accelerate investments for the benefit of our customers. We are making investments to improve reliability, increase the amount of renewables and pave the way for expected lower costs for customers," said Constance H. Lau, HEI president and chief executive officer.

"American Savings Bank continued to deliver solid results with year-to-date annualized loan growth of 6.5% which helped offset the impact of the continued low interest rate environment. American paid dividends of $9.75 million to HEI in the quarter while maintaining strong capital levels," added Lau.

Click here to read the full press release.

For more information:

Organization:
Hawaiian Electric Industries, Inc. (HEI)
Address:
900 Richards St
Honolulu, Hawaii
United States, 96808
www.hei.com
Tel:808-543-5662


Link http://www.electricenergyonline.com/detail_news.php?ID=491281
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