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Stock impact report

FRP Holdings Inc (FRPH) Reports Increased Earnings and Revenue Growth in Q3 and Nine-Month 2023 ... [Yahoo! Finance]

FRP Holdings, Inc. (FRPH) 
US:NASDAQ Investor Relations: frpholdings.com/investor-relations.html
Company Research Source: Yahoo! Finance
Revenues and operating profit in the Asset Management Segment surged due to full occupancy and the addition of new properties. Mining Royalty Lands Segment reported a notable rise in revenues and operating profit, attributed to increased activity across active locations. Stabilized Joint Venture Segment experienced a slight revenue increase but a decrease in operating profit due to an insurance deductible expense and the sale of a 20% interest in two properties. FRP Holdings Inc ( NASDAQ:FRPH ) released its earnings report for the third quarter and nine months ended September 30, 2023, on November 8, 2023. The company reported a substantial increase in net income for the third quarter, with $1,259,000 or $.13 per share, compared to $480,000 or $.05 per share in the same period last year. The nine-month results also showed improvement, with net income reaching $2,422,000 or $.26 per share, up from $1,809,000 or $.19 per share in the prior year. Performance Highlights The Ass Show less Read more
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