Newcastle Investment Corp (NCT) has reported an 157.39 percent jump in profit for the quarter ended Sep. 30, 2016. The company has earned $20.32 million, or $0.27 a share in the quarter, compared with $7.89 million, or $0.09 a share for the same period last year.
Revenue during the quarter went up marginally by 0.36 percent to $83.16 million from $82.86 million in the previous year period.
Cost of revenue dropped 6.70 percent or $0.59 million during the quarter to $8.25 million. Gross margin for the quarter expanded 75 basis points over the previous year period to 90.08 percent.
Operating loss for the quarter was $5.21 million, compared with an operating loss of $7.66 million in the previous year period.
Food and beverage revenue was $19.91 million during the quarter, down 0.61 percent or $0.12 million from year-ago period.
Net receivables stood at $858.23 million as on Sep. 30, 2016.
Investments stood at $741.59 million as on Sep. 30, 2016.
Total assets stood at $2,436.94million as on Sep. 30, 2016. On the other hand, total liabilities were at $2,179.29 million as on Sep. 30, 2016.
Return on assets was at 0.30 percent in the quarter. At the same time, return on equity was at 7.34 percent in the quarter.
Shareholders equity was at $257.65 million as on Sep. 30, 2016.
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