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MDU-Resources Group annual profit up for 2013

Published on NewsOK Modified: February 5, 2014 at 10:52 am •  Published: February 5, 2014

BISMARCK, N.D. (AP) — MDU Resources Group Inc. has reported an increase in profits for 2013, helped by record earnings in its construction services business and an increase in natural gas sales.

The Bismarck-based energy, mining and construction company says its profits for 2013 rose to $278.2 million, or $1.47 per share. That's up from a loss of $1.4 million, 1 cent per share in 2012.

MDU says its construction services business had record earnings of $52.2 million last year.

The utility business reported earnings of $72.5 million. That's a 21 percent increase over 2012.

MDU is the parent company of Montana-Dakota Utilities. The company says colder-than-normal temperatures at the beginning and end of 2013 helped increase natural gas sales by 15 percent.