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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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Stocks moved sharply lower over the course of the trading day on Wednesday, adding to the modest weakness seen in the two previous sessions. With the losses on the day, the major averages fell to their lowest closing levels in over a month. Democrats have climbed into the lead on a generic ballot, according to the results of a new CNN/ORC International poll, although the results may not be as positive for the party as they first appear. With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August.
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