Ameren Corp Unhappy with Results
By: Leon Castles
on Friday, May 04, 2012
Most of the companies this year are really cashing on their performances and many of the companies have posted better results on the scorecard. However, Saint Louis based Ameren Corp has announced that they are not happy with the first quarter results of 2012 where they have loss $403 million. The company said that they were really looking forward to make things possible in the first month itself and they had their business strategies on the right track. However, they could not make it to the top and lost good amount of money. The company said that last year in the same quarter they managed to earn $71 million profit.
The company stated that their revenues went down as well from $1.9 billion in 2011 to $1.66 billion this year. The company also revealed that they believe that the company could not perform because of lower utility electric and natural gas sales. The company said that the country had a warm winter this time and therefore the utility sales were not as per what they expected. The company also said that in the year 2011 the country had cooler winters and therefore customers used more electricity which actually helped them to improve their profits. The company has announced that although they have had a poor start they will continue to have steady earnings throughout the year.