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Net income down for York Water in Q1

STAFF REPORT

York Water Co. reported a slight increase in operating revenues but a slight decrease in net income during the first quarter of 2016, according to a company news release.

The York Water Co. celebrated 200 years by unveiling its historical marker Tuesday, Feb. 23, 2016. Amanda J. Cain photo

The revenue increase, which was $69,000 more than last year's first quarter, was due to growth in customer bases, while the $42,000 decrease in net income was due to higher expenses for depreciation and income tax, according to the company.