Hawaiian Electric Industries saw net income drop 9.5% in 2020

Hawaiian Electric Industries, Inc. (NYSE: HE), parent company of the Hawaiian Electric Cos. and American Savings Bank, reported its 2020 year-end consolidated net income at $197.8 million and earnings per share of $1.81, a drop of 9.5% compared to $217.9 million and $1.99 for the pre-pandemic end of 2019.

For the fourth quarter of 2020, HEI’s consolidated net income was $50.5 million, or 46 cents per share, compared to $66.3 million and $0.61 in the fourth quarter of 2019.

Its stock closed at…


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