latest news releases from the newsroom
Pennichuck Corporation Announces Second Quarter 2007 Earnings
MERRIMACK, N.H., Aug. 6, 2007 (PRIME NEWSWIRE) -- Pennichuck Corporation (Nasdaq:PNNW) today announced that for its second quarter ended June 30, 2007 net income was $1.3 million, or $.32 per share, compared with net income of $155,000, or $.04 per share, for the same quarter in 2006. The second quarter 2007 increase in earnings was due to the combined effects of higher water utility operating income, an increase in other income attributable to the sale of cell tower leases, and lower eminent domain-related costs, offset in part by an increase in the provision for income taxes, reduced interest income and a lower allowance for funds used during construction ("AFUDC").
J Giordano Securities Group
J Giordano Securities Group Adds MasterLink Securities to Its International Network
NEW YORK, Aug. 6, 2007 (PRIME NEWSWIRE) -- J Giordano Securities Group, an independent, full-service investment banking and brokerage firm, is proud to announce that its International Equity Group has added MasterLink Securities to its International Network. The addition of MasterLink in Taiwan will help expand our research and trading capabilities into the Taiwan market and complements our existing relationships in Poland, Czech Republic, Hungary, Slovenia, Slovakia, Croatia, Romania, Turkey, Egypt, France, Denmark, Greece, Sweden, and the UK.
Bank of Virginia
Bank of Virginia Announces Second Quarter and Year-to-Date Earnings
MIDLOTHIAN, Va., Aug. 6, 2007 (PRIME NEWSWIRE) -- Frank Bell, President and Chief Executive Officer for Bank of Virginia (Nasdaq:BOVA), today reported second quarter 2007 earnings of $119,000 or $0.04 basic and diluted earnings per share, which represents a 13.3% increase from $105,000 or basic and diluted earnings per share of $0.03 for the first quarter of 2007. This compares to a net loss of $45,000 or ($0.01) basic and diluted loss per share for the second quarter of 2006. The second quarter 2007 results represent a $164,000 increase over the second quarter 2006 net loss of $45,000.