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Littlefield Says It Profits from Third Quarter

AUSTIN-Littlefield Corp., which moved from bingo halls to real estate, says it's showing a profit unlike its $1.7-million loss posted for Q3 2000. The company president says it's the third consecutive gain. Shareholders learn more Friday in a conference call.

By Tim Green | Updated on October 11, 2001

AUSTIN-Littlefield Corp., an Austin-based operator of bingo halls and other entertainment-related offerings, reported making money in its third fiscal quarter ending Sept. 30. That’s a turnaround from a year ago when it posted a loss in a traditionally slow quarter.

The company said it made $348,536 or four cents a share in net income for the quarter, compared to a loss of $1.7 million for the same period in 2000. Net income through three quarters is $1.5 million or 19 cents a share. The company did not release revenues.

Littlefield’s accounting firm has not reviewed the figures, the company said. Changes, if any, will be noted in its quarterly filing with the Securities and Exchange Commission. It will conduct a conference call Friday to discuss the results.

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