The Presley Cos.: The Newport Beach home...
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The Presley Cos.: The Newport Beach home builder said it lost $10.1 million, or 19 cents a share, for the second quarter, which included a $9.4-million write-down of real estate assets. For the like period last year, Presley recorded net income of $989,000, or 2 cents a share. Sales declined 4% to $60.2 million from $62.4 million.
The net loss for the first half totaled $13.3 million, or 26 cents a share, contrasted with profit of $2.5 million, or 4 cents a share, for the first six months of last year. Sales were down 2% to $128.1 million from $130.5 million.
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