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Article: Harbor Global Company Ltd. Reports Earnings for the Quarter Ended June 30, 2003.
- Article from:
- Business Wire
- Article date:
- August 6, 2003
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Business Editors
BOSTON--(BUSINESS WIRE)--Aug. 6, 2003
Harbor Global Company Ltd. ("Harbor Global" or the "Company") (OTC BB:HRBG) reported net income of $2.7 million ($0.48 per share) on revenues of $2.9 million in the second quarter of 2003 compared with net income of $1.0 million ($0.18 per share) on revenues of $2.9 million for the second quarter of 2002. The $1.7 million increase in income was attributable principally to a $1.1 million increase in realized portfolio gains from the Russian real estate management and investment management operations and a gain of $0.9 million recorded on the sale to HSBC Bank USA ("HSBC") of the Company's right to ...