|
|
Article: Central Bancorp Reports Results for Its Fourth Quarter and Fiscal Year Ended March 31, 2003.
- Article from:
- Business Wire
- Article date:
- May 2, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
SOMERVILLE, Mass.--(BUSINESS WIRE)--May 2, 2003
Central Bancorp, Inc. (NASDAQ: CEBK) today reported a net loss of $418,000, or $0.27 per diluted share, for the quarter ended March 31, 2003, compared to net income of $817,000, or $0.50 per diluted share, for the corresponding quarter in the prior fiscal year. A primary reason for the current quarter's loss is the previously announced additional state tax liability of approximately $835,000, net of tax benefits, attributable to a recently enacted state law affecting numerous Massachusetts banks, which disallows the deduction for dividends received by Central Co-operative Bank from its real ...
Related newspaper, magazine, and journal articles:
|