Koll Services Sales Up but Profits Same
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NEWPORT BEACH — Koll Management Services Inc., a real estate management company, reported that for the second consecutive year it earned $2.7 million.
Earnings per share, however, were 82 cents, compared to 88 cents last year, because of a 7% increase in the number of shares outstanding.
The company had revenues of $38.9 million for the fiscal year ended March 31, up 34% from $29.1 million the previous year.
In the fourth quarter, earnings were $599,000, or 18 cents a share, compared to $794,000, or 24 cents a share, the year before. Revenue was $10.3 million, a 14% increase over $9 million in the final quarter of fiscal 1992.
The Newport Beach-based company said Friday that while revenue grew, it had greater expenses because of acquisitions and construction.
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