Brief: FRP Holdings Says Revised Net Income For Quarter And Year Ended Dec. 31, 2020

FRP Holdings

08/03/2021 20:48

March 8 (Reuters) - FRP Holdings Inc  FRPH.O :
    * REVISED NET INCOME FOR QUARTER AND YEAR ENDED DEC. 31,
2020 TO
$1.5 MILLION, OR $0.16 PER SHARE, AND $12.7 MILLION, OR $1.32
PER SHARE, RESPECTIVELY
    * REVISED NET INCOME DUE TO REVIEW OF ABILITY TO CARRYBACK
NET
OPERATING LOSSES FROM 2020 TO FISCAL 2016 WHEN FEDERAL INCOME
TAX RATE WAS 35%
    * REVIEW WAS COMPLETED SUBSEQUENT TO MARCH 1, 2021 EARNINGS
RELEASE AND MARCH 4 CALL

Source text  : (https://bit.ly/3bqnk5S)
Further company coverage:  FRPH.O 

 ((Reuters.Briefs@thomsonreuters.com;))