For the six months ended March 31, revenues reached $19.6 million, up from $10.9 million in the prior year, and net income from continuing operations was $459,000, or $0.09 per fully diluted share, versus a loss of $718,000 or a loss of $0.22 per share duringthe same six month period last year.
Net losses, including discontinued operations, during the comparable six months last year stood at $1.35 million, or a loss of $0.41 per share. There were no losses from discontinued operations during the six months ended March 31.
Edward Adams, president and CEO of Realco, says he plans to "build upon Realco's considerable strengths in the real estate business as well as the opportunity to grow the financial services business into a profitable boutique investment banking and assetmanagement firm."
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