|
|
Article: SERVICO, INC. REPORTS SECOND QUARTER AND SIX MONTH RESULTS; SECOND QUARTER INCOME FROM RECURRING OPERATIONS UP 83%.
- Article from:
- Business Wire
- Article date:
- July 31, 1998
CopyrightCOPYRIGHT 1998 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)
|
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--July 31, 1998--Servico, Inc. (NYSE: SER), a nationwide owner and operator of hotels, today announced an 83% increase in second quarter recurring net income and a 43% increase in earnings before interest, taxes, depreciation and amortization ("EBITDA").
For the three months ended June 30, 1998, Servico reported recurring net income of $7.6 million, an 83% increase over the $4.1 million reported for the comparable 1997 period. Revenues for the quarter increased to $102.4 million from $71.2 million reported in the prior year's quarter and EBITDA increased 43% to $29.4 million from $20.5 million in the second quarter of ...
Related newspaper, magazine, and journal articles:
|
|
Article: Servico Announces Adjustment To Terms Of Merger With Impac ...
Business Wire;
September 16, 1998 ;
700+ words
... ... BUSINESS WIRE)--Sept. 16, 1998--Servico, Inc. (NYSE:SER), a nationwide ... announced merger. The agreement calls for Servico and Impac to merge and form a new company ... holders, subject to upward adjustment, if Servico's common stock traded below a minimum ...
|
|