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Article: Consolidated-Tomoka Land Co. reports earnings.
- Article from:
- PR Newswire
- Article date:
- February 24, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. 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)
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CONSOLIDATED-TOMOKA LAND CO. REPORTS EARNINGS
DAYTONA BEACH, Fla., Feb. 24 /PRNewswire/ -- Consolidated-Tomoka Land Co. (NASDAQ: CTLC), with corporate headquarters in Daytona Beach, reported earnings for the year 1988 of $2,096,824 or $.67 a share, compared to $2,608,655, equivalent to $.84 a share, for the same period in 1987.
Total revenues of $45,615,765 for the year were approximately 20 percent greater than 1987 revenues of $37,940,628. Citrus operations were the largest contributor to the overall results as near record earnings and revenues were achieved. The company's real estate limited partnership, The Charles Wayne Group Ltd., also ...