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Presidential Life’s profits rise

March
6

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.
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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