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Article: Harbor Global Company Ltd. Reports Earnings for the Quarter Ended September 30, 2003.
- Article from:
- Business Wire
- Article date:
- November 5, 2003
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Business Editors
BOSTON--(BUSINESS WIRE)--Nov. 5, 2003
Harbor Global Company Ltd. ("Harbor Global" or the "Company") (OTC BB:HRBG) reported a net loss of $0.5 million ($0.10 per share) on revenues of $2.6 million in the third quarter of 2003 compared with breaking even on revenues of $2.6 million for the third quarter of 2002. The $0.5 million decrease in income was attributable principally to lower interest income of $0.3 million and a $0.3 million increase in compensation expense. The compensation expense was recorded in accordance with a restricted stock award entered into between Pioglobal First Russia Inc. ("Pioglobal First Russia") and two ...