NEWARK, Del. (AP) — NEWARK, Del. (AP) — Artesian Resources Corp. (ARTNA) on Monday reported second-quarter net income of $4.4 million.

On a per-share basis, the Newark, Delaware-based company said it had net income of 44 cents.

The water resource management company posted revenue of $25.3 million in the period.

Artesian Resources shares have dropped 22% since the beginning of the year. In the final minutes of trading on Monday, shares hit $45.82, a decline of 15% in the last 12 months.

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