Angeles Corp.: The Los Angeles-based investment management...
From Times Staff and Wire Service Reports
Angeles Corp.: The Los Angeles-based investment management firm reported a second-quarter net loss of $835,000, contrasted with a $777,000 profit a year ago. Revenue declined 7% to $9.4 million. The firm said that, as predicted, the loss was due primarily to heavy costs during the early stages of development and rent-up in Angeles’ relatively new businesses of congregate-style housing for the independent elderly and factory-direct shopping malls.
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