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Littlefield Completes Two-Year Regrouping

AUSTIN-The 2001 fourth quarter, says Littlefield's CEO, was the first solid sign that a two-year revamping has worked. The operator of bingo halls and entertainment says it closed the year with net income of $1.6 million and EBITDA of $3.4-million.

By Tim Green | Updated on January 18, 2002

AUSTIN-Littlefield Corp., the Austin-based operator of bingo halls and entertainment, reported a profit for 2001 and said its turn-around is effectively complete.

For the year, the company said it had net income of $1.6 million, equating to 21 cents per share. It said EBITDA was $3.4 million. That compares to a net loss of $1.6 million in 2000 and EBITDA earnings of $464,566. The company did not disclose revenues for either year.

In the 2001 fourth quarter, Littlefield reported net income of $117,021, 1 cent per share, and EBITDA of $598,000. Those figures for the 2000 fourth quarter were a net loss of $1.4 million and EBITDA loss of $1 million.

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