Penny stock blunders its way to First-ever profit.(Capitol Communities Corp.)

From: Arkansas Business | Date: February 10, 2003| Author: | Copyright information

CAPITOL COMMUNITIES CORP., now of Boca Raton, Fla., ended its fiscal year in 2002 with something never seen in its eight-year history as a public company: a profit.

The corporation recently reported net income of more than $4.2 million for the year that ended Sept. 30.

Its stock, listed as CBCY.OB, has a 52-week trading range of 3.5 cents-26 cents per share. Shares closed at a nickel a piece on Feb. 5.

Capitol Communities, a leading property owner in Maurnelle through its Capitol Development of Arkansas Inc. subsidiary, tallied a combined $11.1 million loss between ...

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