The Total Audited 2013 Net Income from Continuing Operations of these 8 West Virginia Companies was $256.0 mil, an increase of a very robust 78% from the comparable earnings in 2009, which was the very low point of annual corporate profits due to the late 2008 financial meltdown.
This very significant 78% earnings recovery for these West Virginia Companies from 2009 to the most recent 2013 occurred when both West Virginia US Senators were Democrats and also when Democrats had majority control in the US Senate.
In addition, these Total Audited Earnings of these 8 West Virginia Companies in 2013 were up 21% over the comparable earnings in 2007, which was the peak year earnings before the disastrous effects of the 2008 financial meltdown hit......they not only recouped the earnings they lost with the financial meltdown, but they also added another 21% of earnings.
Below here are the Audited Net Income (Loss) From Continuing Operations for each of these 8 West Virginia Companies in 2013, in 2009 and in 2007, along with the related Net Income (Loss) Percentage Changes:
|West Virginia Company||HQs||FYE||$ 000s||$ 000s||$ 000s||% Change||% Change|
|American Public Education||Charles Town||Dec||42,034||23,943||8,750||76%||380%|
|Premier Financial Bancorp||Huntington||Dec||13,229||9,118||7,119||45%||86%|
|Summit Financial Group||Moorefield||Dec||8,068||(716)||13,537||1227%||-40%|
|MTR Gaming Group||Chester||Dec||(9,131)||(23,698)||(5,490)||61%||-66%|
|Total all 8||255,988||143,929||211,567||78%||21%|
More details to come.