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Article: Harbor Global Company Ltd. Reports Earnings for the Fourth Quarter and Year Ended December 31, 2003.
- Article from:
- Business Wire
- Article date:
- March 2, 2004
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Business Editors
BOSTON--(BUSINESS WIRE)--March 2, 2004
Harbor Global Company Ltd. (OTC BB:HRBG) reported net income of $7.8 million ($1.39 per share) as compared to net income of $1.1 million ($0.20 per share) in 2002. Net income from continuing operations was $7.8 million ($1.39 per share) in 2003 compared to $0.7 million ($0.12 per share) in 2002. The $7.1 million increase in net income from continuing operations was attributable principally to:
-- higher realized portfolio gains of $5.8 million from the
Russian real estate management and investment management
operations;
-- a $1.3 million gain from the early ...