Friday, March 1, 2013

St. Joe ekes out small profit in 2012

Trying to bounce back from the real-estate crash, The St. Joe Co. on Thursday reported a $6 million net profit for 2012.While that totaled only 7 cents a share, it was a substantial improvement over 2011, when the massive north Florida landowner had a net loss of $330.3 million, or $3.58 per share. St. Joe also reported a net loss of $8.6 million, or 9 cents a share, during the fourth quarter of 2012.The company said 2012 included improvements such as increases in home sales and timber sales.“Our…

Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]

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