Including non-recurring items, the company lost $237,109 or three cents a share on revenue of $3.2 million in the second quarter. In the 2001 second quarter, it made $333,555 or two cents a share on revenue of $2.4 million. Excluding the non-recurring items, Littlefield reported earnings of $233,796, still ringing up at three cents a share, compared to earnings of $333,545 or five cents a share.
Extraordinary and non-recurring items in the second quarter included $470,905, which included payment of a $147,500 legal settlement and the recognition of a payment of a performance bonus earned in 2001 and to be paid this year and next.
Littlefield is the largest public owner of charitable bingo halls in the US. It operates two other subsidiaries besides bingo and hospitality.
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