Atlanta-based Servidyne (NASDAQ: SERV), an energy services, facility management and real estate company, had a net loss of $344,872, or a loss of 10 cents a share, on $5.4 million in revenue. This compares with net income of $355,951, or earnings of 10 cents a share, on $4.8 million in revenue in the second quarter of 2007.
The results for the second quarter of 2007 included a real estate gain on sale of 44 cents a share.
Servidyne also reported it has sold Johnson Square Office Park in Marietta, Ga., for $10.3 million. The company plans to re-deploy the $3.4 million in net cash proceeds from the sale by buying one or more income producing properties to defer the income taxes otherwise payable on the gain.
"I am pleased with our consistent results in real estate, as well as the revenue growth and higher backlog at our building performance expert segment," said Alan R. Abrams, chairman, president and CEO.
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source: bizjournals.com
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