Con-Tomoka Loses $232,056 in Q2

DAYTONA BEACH, FL-The second quarter wasn’t kind to Consolidated -Tomoka Land Co., one of the oldest and largest land development firms in the state.

The American Stock Exchange-traded company reported a net loss of four cents per share and earnings before depreciation and deferred taxes of another negative four cents per share for the quarter ended June 30. Those numbers compared with a net income of 46 cents per share and EBDDT of 90 cents per share in second quarter 2002.

For the first half, the company’s net income totaled $1.5 million, or 27 cents per share, compared with $2.47 million, or 44 cents per share, in the comparable 2002 six-month period. EBDDT totaled 49 cents per share versus 90 cents for same 2002 period.