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Northampton Q1 2010 Sales Rise 12%
TORONTO, ONTARIO--(Marketwire - Aug. 25, 2010) - Northampton Group Inc. (TSX VENTURE:NHG)(TSX VENTURE:NHG.DB), an integrated Canadian hotelier, today reported its financial results for the first quarter, ended June 30, 2010. Consolidated revenues rose 11.9% to $7.42 million from $6.63 million in the prior year. Net income from operations rose to $217 thousand from a loss of ($378) thousand, indicating the strength of the Company's operational turnaround. Earnings per share from operations rose to $0.008 from a loss of ($0.014) in the same period in the prior year. The majority of Northampton's properties saw quarter-over-quarter improvements in both occupancies and revenues, primarily as a result of a gradual increase in non-corporate travel.
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