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Capital Pacific Holdings, Inc. Reports Higher Revenues and Net Income and Increased Net New Orders and Backlog for the Second Quarter of Fiscal 2004; Announces Voluntary Delisting.

Publication: PR Newswire
Publication Date: 15-OCT-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Capital Pacific Holdings, Inc. today reported net income of $1.1 million, or 7 cents per share for the second quarter of fiscal 2004, which ended August 31, 2003, as compared to net income of $394,000, or 3 cents per share, in the second quarter of fiscal 2003. Consolidated revenues for the second quarter of fiscal 2004 totaled $48 million compared to consolidated revenues of $47 million for the second quarter of fiscal 2003. Including unconsolidated joint ventures, revenues increased 24% to $61 million in the second quarter of fiscal 2004, as compared with $49 million in the second quarter of fiscal 2003.

For the six months ended August 31, 2003, the Company reported net income of $1.9 million, or 13 cents per share, as compared to net...

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