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Daily Journal H1 Profit Down

Daily Journal Corp. (DJCO: Quote) Friday said its pre-tax profit, for the six month period ending March 31, 2012, declined to $5.4 million from $6.3 million in the prior-year period, due mainly to lower revenues.

Net income for the period declined to $3.8 million or $2.72 per share from $4.0 million or $2.92 per share last year.

Consolidated revenues totaled $16.0 million, down from $18.0 million last year.

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by RTT Staff Writer

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