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SRA Profit Up Slightly; CACI International's Down
Sinclair Broadcast Group said revenue rose in the third quarter because of political advertising.
(By Steve Ruark -- Associated Press)
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· Gladstone Investment Corp. of McLean, which invests in small and mid-size businesses, had a profit of $2.8 million (27 cents a share) in its fiscal second quarter ended Sept. 30, up from $1.5 million (9 cents). Total assets were $228.1 million, down from $230.3 million at the end of March. Shares closed at $14.37, down 28 cents.
· Primus Telecommunications of McLean , a provider of phone and Internet service, had a profit of $121,000 (0 cents) in the third quarter, compared with a loss of $50.6 million (51 cents). Revenue fell 15 percent, to $247.7 million. The company said in a statement that it is shedding "low-margin retail revenue" and the costs that stem from it.
· First Potomac Realty Trust of Bethesda said funds from operations, the measure most commonly used to describe the finances of real estate investment trusts, was $9.9 million (41 cents a share), up from $8.3 million (46 cents). Profit was $700,000 (3 cents), down from $1.6 million (9 cents). Revenue rose 33 percent, to $27.1 million. Shares closed at $30.46, down 48 cents.
· Annapolis Bancorp Inc. , parent of BankAnnapolis, had a profit of $740,000 (18 cents a share) in the third quarter, up from $678,000 (17 cents). Interest income rose, to $3 million from $2.8 million. Shares closed at $9.01, up 1 cent.
Information from news services was used in this report.
