Colonial Commercial Corp. Reports Third Quarter Earnings.LEVITTOWN Levittown (lĕv`ət-toun'). 1 Uninc. residential city (1990 pop. 53,286), Nassau co., SE N.Y., on Long Island; founded 1947. Originally about 7 sq mi (18 sq km) of potato fields, it was developed by Levitt & Sons, Inc. , N.Y.--(BUSINESS WIRE)--Nov. 10, 1997--Colonial Commercial Corp. (NASDAQ-CCOM) issued its results for the Nine Months and Three Months ended Sept. 30, 1997. The figures are: -0-
(Unaudited)
Nine Months Ended Sept. 30,
1997 1996
Revenues $16,698,842 17,660,124
Net Loss $ (243,891)(a) (33,615)
Loss per equivalent share $ (.02) .00
Three Months Ended Sept. 30,
1997 1996
Revenues $ 4,681,882 5,876,926
Net Loss $ (419,135)(a) (70,866)
Loss per equivalent share $ (.03) .00
(a) Includes a write-off Write-Off A reduction in the value of an asset or earnings by the amount of an expense or loss. Companies are able to write off certain expenses that are required to run the business, or have been incurred in the operation of the business and detract from retained revenues. of $385,704 of previously deferred acquisition expenses related to Colonial's recently terminated effort to acquire U.S. Computer Group Inc. Colonial owns a distributor of door hardware to builders, has a 7.2% interest in Monroc Inc., a Utah concrete producer, and holds land for resale resale n. selling again, particularly at retail. In many states a "resale license" or "resale number" is required so that the state can monitor the collection of sales tax on retail sales. RESALE. . Colonial continues to seek the acquisition of, or merger with, companies which generate a recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. stream of income and to make other strategic investments. CONTACT: Colonial Commercial Corp., Levittown James James, person in the Bible James, in the Gospel of St. Luke, kinsman of St. Jude. The original does not specify the relationship. James, rivers, United States James. W. Stewart Stewart, river, Canada Stewart, river, 331 mi (533 km) long, rising in the Mackenzie Mts., central Yukon Territory, Canada, and flowing generally W to the Yukon River S of Dawson. , 516/796-8400 |
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