X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN-Littlefield Corp., an Austin-based operator of bingo halls and other entertainment-related offerings, reported making money in its third fiscal quarter ending Sept. 30. That’s a turnaround from a year ago when it posted a loss in a traditionally slow quarter.

The company said it made $348,536 or four cents a share in net income for the quarter, compared to a loss of $1.7 million for the same period in 2000. Net income through three quarters is $1.5 million or 19 cents a share. The company did not release revenues.

Littlefield’s accounting firm has not reviewed the figures, the company said. Changes, if any, will be noted in its quarterly filing with the Securities and Exchange Commission. It will conduct a conference call Friday to discuss the results.

Jeffrey Minch, the company’s president, said in a prepared statement that Littlefield has posted three straight profitable quarters and will be profitable for the year “the first year in some considerable time” that it has done so.

The company operates charitable bingo halls in the United States and has real estate and hospitality operations. Its shares opened today at $1.98 on the Nasdaq market.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.