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Article: PICO reports profit from continuing operations, loss from discontinued operations. (Physicians Insurance Company of Ohio)
- Article from:
- PR Newswire
- Article date:
- December 5, 1988
CopyrightCOPYRIGHT 1988 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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PICO REPORTS PROFIT FROM CONTINUING OPERATIONS, LOSS
FROM DISCONTINUED OPERATIONS
PICKERINGTON, Ohio, Dec. 5 /PRNewswire/ -- Physicians Insurance Company of Ohio (NASDAQ: PICOA) today reported consolidated operating results for the third quarter and first nine months of 1988 that show net income from continuing operations, and a net loss from discontinued operations that includes provision for operating losses during the phase-out period.
Net income from continuing operations was $478,000, or 16 cents per share for the third quarter, and $1.8 million, or 58 cents per share for the nine months. This compares with net ...