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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

For comments and feedback: editorial@rttnews.com

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After ending the previous session nearly flat, stocks moved mostly lower over the course of the trading day on Friday. Uncertainty about the outlook for monetary policy weighed on the markets ahead of next week's Federal Reserve meeting. Despite the ceasefire in eastern Ukraine, the U.S. Treasury Department on Friday announced a new round of sanctions against Russia for its role in the conflict. Treasury Secretary Jacob Lew determined that persons operating within Russia's defense and related materiel sector may now be subject to targeted sanctions. Business inventories in the U.S increased in line with economist estimates in the month of July, according to a report released by the Commerce Department on Friday. The Commerce Department said business inventories rose by 0.4 percent in July, matching the increase reported for June as well as the consensus estimate.
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