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million for the same period last year. Earnings for the thirrd quarter are 2 centsa share, compared to 55 cents per share durinv the same period last For the nine months endefd Sept. 30, net income was $2.4 million, or 42 centsa per basic share, compared with net incomse of $2.6 million, or 46 cents per basic share, in 2007. “Wew are in excellent financial shape, with little long-termn debt ($6.6 million),” said William H. McMunn, president and CEO of the in aprepared statement. The company’s $120 million portfolio of incomr properties in the Southeastgenerates $9 milliobn in revenue annually.
McMunn said he expects fourtjh quarter closing volume to be lowee than inrecent years, because buyers are putting expansion s on hold. McMunn Daytona Beach-based Consolidated-Tomoka (AMEX: CTO) is primarily engaged in converting company-owned agriculturao land into a portfolio of income properties locatexd throughoutthe Southeast. It’s stock has trader in a 52-week range between $26.95 and
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