FONT-SIZE Plus   Neg

21st Century Holdings Turns To Profit In Q4

Insurance provider 21st Century Holdings company (TCHC) reported fourth-quarter net income of $2.0 million or $0.25 per share, compared to a net loss of $3.5 million or $0.43 per share last year.

The company noted that the earnings for the 2011 quarter included $0.13 per share from net realized investment gains and $0.04 per share relating to an increase in future tax benefits.

Total revenue for the quarter increased 16.5 percent to $16.7 million from $14.3 million last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
European Court of Justice in Luxembourg has canceled the international agreement between European Union and United States to handover digital information, such as web search histories and social media updates. The ruling will be a blow to tech giants Google, Microsoft, Facebook, Amazon, etc. Volkswagen Australia Wednesday confirmed that more than 91 thousand vehicles sold in Australia were fitted with emission cheating software. Volkswagen brand alone comes to 77,000 cars and 14,000 cars are Audis. In what could be a delectable offering, something is cooking in the brewing industry. Belgian brewer Anheuser-Busch Inbev, which in itself is an outcome of many mergers in the past, has made advances to U.K.'s SABMiller. If AB InBev succeeds in its pursuit, the heady combination of the two could create one of the world's largest brewers.
comments powered by Disqus
Follow RTT