International Totalizator Systems has approved a 2-for-1...

International Totalizator Systems has approved a 2-for-1 stock split to shareholders of record on March 12. The split will “increase the float of stock publicly traded,” according to spokesman Jeol Graff.

The company reported that net earnings rose 190% to $1.8 million and revenues rose 80% to $4.7 million for the quarter ended Dec. 31. For the year, International Totalizator reported $2 million in net earnings and $14.3 million in revenues, compared to a $2 million net loss and $7.2 million in revenues during the previous year.