Koll Real Estate Reports a Loss of $2.6 Million for 2nd Quarter
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NEWPORT BEACH — Koll Real Estate Group Inc. reported a net loss of $2.6 million, or 6 cents a share, for the second quarter, compared with a year-ago net loss of $4.5 million, or 11 cents a share. Revenue rose 19% to $5.7 million from $4.8 million.
The provider of residential and commercial real estate development services said the increase reflects the sale in May of wharfage rights in Coronado. For the first six months, the company had a net loss of $8.3 million, or 18 cents a share, compared with a net loss of $8.5 million, or 20 cents a share, for the first half of 1994. Revenue increased 48% to $12.1 million from $8.2 million.
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