MVC reports loss on compensation accrual
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- September
- 5
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 year’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.
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