MVC reports loss on compensation accrual

September

MVC Capital Inc., a Purchase company that makes investments in businesses, reported a net operating loss of $1.4 million for the third quarter of its fiscal 2008, compared with net operating income of $2 million year earlier.

But not counting $3.9 million the company accrued for incentive compensation, net operating income for this yearâ€™s quarter was $2.6 million. That compares with $3.6 million a year earlier.

Net assets as of July 31 were $417.5 million, or $17.18 a share, up from $363.5 million, or $14.98, as of July 31, 2007.

This entry was posted on Friday, September 5th, 2008 at 8:51 am by Allan Drury.
You can follow any responses to this entry through the RSS 2.0 feed.
Share and Enjoy: | Print Print | Email Email

It is a condition of your use of the comment features associated with the blogs that you do not: Use the site to post or transmit any unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane or indecent information of any kind, including without limitation any transmissions constituting or encouraging conduct that would constitute a criminal offense, give rise to civil liability or otherwise violate any local, state, national or international law. You alone are responsible for the material you post or send. Refer to the Terms of Service.

Business in the Burbs

Movers, shakers and newsmakers