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Sunday, February 13, 2011
Daily Journal Corporation Announces Financial Results for the Three Months ended December 31, 2010
LOS ANGELES, Feb 11, 2011 (BUSINESS WIRE) -- During the three months ended December 31, 2010, consolidated pretax income of Daily Journal Corporation (NASDAQ:DJCO) increased by $21,000 to $3,389,000 from $3,368,000 in the prior year period. The Company's traditional business segment pretax profit increased by $68,000 to $3,676,000 from $3,608,000. Revenues declined by $496,000, and costs and expenses decreased by $573,000. Total personnel costs decreased by $656,000 to $3,449,000 primarily due to savings from departmental reorganizations and a reduction in the accrual for the Company's Management Incentive Plan, partially offset by an annual salary adjustment. Sustain's business...
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