Investors Capital Holdings Turns To Profit In Q2

Investors Capital Holdings Ltd. (ICH: Quote), a financial services holding company, Wednesday reported second-quarter net income of $280,220 or $0.04 per share, compared to net loss of $877,362 or $0.13 per share in the comparable quarter last year.

Operating income for the quarter was $429,640, compared to an operating loss of $1.39 million in the prior year quarter.

Total revenue for the quarter was $20.32 million, up 0.8% from $20.17 million a year ago.

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by RTT Staff Writer

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