SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 11, 2003
THE YORK WATER COMPANY
(Exact name of Registrant as specified in its Charter)
Pennsylvania 0-690 23-1242500
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
130 East Market Street, York, Pennsylvania 17401
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including Area Code 717-845-3601
_______________________________________________________________________
(Former name or former address, if changed since last report.)
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits
99.1 Press Release, Dated August 11, 2003, issued by The York
Water Company.
Item 12. Disclosure of Results of Operations and Financial Condition.
On August 11, 2003, The York Water Company issued a press release
announcing its second quarter 2003 financial results. The press release
is being furnished with this Current Report on Form 8-K Exhibit 99.1 and
is hereby incorporated herein by reference. This report (including the
exhibit) shall not be deemed to be "filed" for the purposes of Section
18 of the Securities Exchange Act of 1934, as amended, nor shall it be
incorporated by reference in any filing made by the Registrant pursuant
to the Securities Act of 1933, a amended, other than to the extent that
such filing incorporates by reference any or all of such information by
express reference thereto.
Exhibit 99.1
News Release THE YORK WATER COMPANY
130 East Market Street
York, PA 17401
Contact: Jeffrey S. Osman, President & Chief Executive Officer
Or
Kathleen M. Miller, Chief Financial Officer
Phone: (717) 845-3601 FOR IMMEDIATE RELEASE
YORK WATER COMPANY
REPORTS IMPROVED SIX MONTH EARNINGS
York, Pennsylvania, August 11, 2003: The York Water Company's
(Nasdaq: YORW) President, Jeffrey S. Osman, announced today the
Company's financial results for the second quarter and the first six
months of 2003.
President Osman reported that quarterly operating revenues of
$5,048,000 increased 3.5% over the second quarter of 2002, and that
quarterly net income of $1,050,000 increased 14.0% compared to the
second quarter of 2002. President Osman also reported that the first
six months' operating revenues of $9,806,000 increased 2.6% over the
first six months of 2002, and that net income of $1,807,000 increased
0.6% compared to the first six months of 2002.
During the first six months of 2003 the Company spent over $3.1 million
on construction projects, primarily on its water distribution system to
expand its service territory, and additionally on the Susquehanna River
pipeline project and various main relinings.
Period Ended June 30
In 000's (except per share)
Quarter Six Months
2003 2002 2003 2002
Water Operating Revenues $5,048 $4,876 $9,806 $9,556
Net Income $1,050 $ 921 $1,807 $1,796
Average Number of Common Shares
Outstanding 6,373 6,317 6,373 6,317
Basic Earnings Per Common Share $0.16 $0.15 $0.28 $0.28
Dividends Paid Per Common Share $0.135 $0.130 $0.270 $0.260
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
The York Water Company
(Registrant)
Dated: August 11, 2003 By: /S/ Kathleen M. Miller
(Kathleen M. Miller)
Chief Financial Officer