Capital Properties 1Q profit rises 18.4%

EAST PROVIDENCE – For the quarter ended March 31, Capital Properties Inc. (Amex: CPI) reported an 18.4-percent increase in net income, compared with the first quarter of 2006, to $380,000 or 12 cents per common share. Total revenue increased 13.3 percent to $1.67 million from the year-ago quarter’s $1.47 million. Petroleum-storage revenue increased 20.8 percent…

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