FP Newspapers Profits Drop to $1.8M in Q2

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By: The Canadian Press

WINNIPEG - FP Newspapers Inc. (TSX:FP) says profits dropped to $1.8 million in the second quarter on a deferred income tax expense.

Winnipeg-based FPI said Thursday that the results were equal to 25.7 cents per share, versus $2.7 million or 39.6 cents per share a year ago.

The quarter included an income tax expense valued at $600,000, which compares to a gain of $600,000 in the same period last year.































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