Summary
United Capital Corp. on Friday said charges related to new accounting standards led to a 25-percent decrease in its first- quarter profit.
United Capital, which invests in real estate and hotels as well as markets industrial and automotive products, said for the first quarter net income was $2.1 million, down from $2.9 million in the same quarter last year.See the full content of this document
Extract
United Capital Corp. Profit Falls Slightly
However, revenue for the quarter was up 5 percen...
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