Business in the Burbs

Presidential Life’s profits rise

March

Presidential Life Corp. of Nyack reported lower fourth-quarter profits but higher profits for the year.

The company had net income last quarter of $4 million, or 14 cents a share. For the comparable quarter a year earlier, it had net income of $7.93 million, or 27 cents a share.

For 2007, it had net income of $63.7 million, or $2.16 a share. For 2006, it had net income of $49.7 million, or $1.69 a share.

Revenue figures were not released.

This entry was posted on Thursday, March 6th, 2008 at 6:21 pm by Jerry Gleeson. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Earnings season

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