Business News • MarketWire • Eastern Light Capital Reports First Quarter 2010 Results |
Eastern Light Capital Reports First Quarter 2010 Results |
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Eastern Light Capital Reports First Quarter 2010 Results
SAN FRANCISCO, CA--(Marketwire - May 24, 2010) - Eastern Light Capital, Incorporated ("ELC") (NYSE Amex: ELC), a specialty lender organized as a real estate investment trust ("REIT"), filed its 10-Q on May 24, 2010. ELC's net loss for the three months ended March 31, 2010 was $265,357 (($0.76) basic and diluted per share), as compared to net income of $28,508 ($0.08 basic and diluted per share) for the like period in 2009. Operational revenues were $48,772 for the three months ending March 31, 2010 and $78,773 for the like period in 2009. Expenses were $277,998 for the three months ending March 31, 2010 as compared to $$330,193 for the like period in 2009. Non-operational losses from real estate and securities transactions were $36,131 for the three months ended March 31, 2010, as compared to income of $279,928 for the like period in 2009.
View More : http://www.marketwire.com/mw/release.do?id=1265466&sourceType=3
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