NEWARK, Del. (AP) — NEWARK, Del. (AP) — Artesian Resources Corp. (ARTNA) on Wednesday reported fourth-quarter profit of $3.5 million.

On a per-share basis, the Newark, Delaware-based company said it had net income of 34 cents.

The water resource management company posted revenue of $24.5 million in the period.

For the year, the company reported profit of $16.7 million, or $1.67 per share. Revenue was nearly unchanged at $98.9 million.

Artesian Resources shares have decreased 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.02, a fall of 30% in the last 12 months.

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