Wednesday, 16 May 2007

UPDATE 1-FirstService reports lower profit, ups forecast

(Reuters) - The real estate and property services company earned a net profit of $2.3 million, or 6 cents a share, down from a profit of $36 million, or $1.18 a share, in the year ago period.

The year-ago profit was pegged to robust brokerage activity and the acquisition of Los Angeles-based Colliers Seeley.


Read more at Reuters.com Market News

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